Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 33.00 - Conversion By Co-operative Banks And Savings Banks From Mutual To Stock Form
Section 33.01 - Scope
Universal Citation: 209 MA Code of Regs 209.33
Current through Register 1531, September 27, 2024
No co-operative bank or savings bank shall convert to a capital stock form of organization without written approval of the commissioner, pursuant to the provisions of 209 CMR 33.00, except as the commissioner may other wise provide in supervisory cases in accordance with 209CMR33.13 through 33.20.
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