Section 21 - Election of Alternative Corporate Governance Procedures; Designation in By-Laws of Body of Law Selected for Corporate Governance Procedure

MA Gen L ch 167j § 21 (2019) (N/A)
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Section 21. A bank's corporate governance procedures shall comply with banking laws and regulations and safe and sound banking practices. To the extent not inconsistent with the above, a bank may elect to follow the corporate governance procedures of chapter 156D or the law of the state in which its holding company is organized. A bank shall designate in its by-laws the body of law selected for its corporate governance procedures.