Massachusetts General Laws

Mass. Gen. Laws ch. 167D, § 1 (2026)

Definitions

✓ current as of July 2026

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Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:—

''Bank'', a savings bank, co-operative bank or trust company incorporated as such in the commonwealth.

''Board'', the board of trustees or directors of a bank.

''Commissioner'', the commissioner of banks.

''Federally-chartered bank'', a national bank association, a federal savings and loan association, a federal savings bank or a federal credit union authorized to do business in the commonwealth.

Notes of Decisions

Cited in 1 case, 2012–2012 · leading case: Sovereign Bank v. Sturgis, 863 F. Supp. 2d 75 (D. Mass. 2012).

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Sovereign Bank v. Sturgis, 863 F. Supp. 2d 75 (D. Mass. 2012). “” G.L. c. 167D, § 1. Sovereign is not a “bank” under the chapter; instead, it is a “federally-chartered bank,” defined as, inter alia, “a federal savings and loan association.”

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