Mass. Gen. Laws ch. 170 § 2

Current through Chapter 231 of the 2024

Section 170:2 - Powers

A co-operative bank shall have all the powers expressly granted by law and whatever further incidental powers may fairly be implied from those expressly conferred and such as are reasonably necessary to enable it to exercise fully those powers according to common or accepted banking customs and usages.

Mass. Gen. Laws ch. 170, § 2

Entire chapter amended by Acts 2014, c. 482,§ 55, eff. 4/7/2015.

Former section 170:2 amended by Acts 2002, c. 79, § 4, eff. 7/3/02.

This section is similar to former section 170:1A. .