# Mass. Gen. Laws ch. 167F, sec. 10: Investment, etc. in services from another bank for purposes of obtaining or furnishing technology, trust services, operation functions, staff, etc

> Massachusetts · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S10

## Section

- **Citation:** Mass. Gen. Laws ch. 167F, sec. 10
- **Heading:** Investment, etc. in services from another bank for purposes of obtaining or furnishing technology, trust services, operation functions, staff, etc
- **Jurisdiction:** Massachusetts
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MA Code / Part I / Title XXII / Chapter 167F / Section 10

## Text

Section 10. A bank may or in participation with a federal bank, a foreign bank, an out-of-state bank or an out-of-state federal bank, as defined in section 1 of chapter 167 invest in, establish, operate or subscribe for services from another bank, federal bank, foreign bank, out-of-state bank or out-of-state federal bank or a subsidiary thereof or any other business entity for the purpose of obtaining for or furnishing to the bank technology, trust services, financial planning, compliance, internal audits, human resource or other operation functions, management or staff generally required by a bank.

Section 10. A bank may or in participation with a federal bank, a foreign bank, an out-of-state bank or an out-of-state federal bank, as defined in section 1 of chapter 167 invest in, establish, operate or subscribe for services from another bank, federal bank, foreign bank, out-of-state bank or out-of-state federal bank or a subsidiary thereof or any other business entity for the purpose of obtaining for or furnishing to the bank technology, trust services, financial planning, compliance, internal audits, human resource or other operation functions, management or staff generally required by a bank.

## Nearby sections

- [Mass. Gen. Laws ch. 167F, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S1.md)
- [Mass. Gen. Laws ch. 167F, sec. 2 Powers](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S2.md)
- [Mass. Gen. Laws ch. 167F, sec. 2A Sale of insurance by banks](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S2A.md)
- [Mass. Gen. Laws ch. 167F, sec. 3 Investments; classes of stocks](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S3.md)
- [Mass. Gen. Laws ch. 167F, sec. 4 Selling, issuing or registering checks or money orders; multi-state licensing system](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S4.md)
- [Mass. Gen. Laws ch. 167F, sec. 5 Federal Home Loan Bank; membership; investment in stock](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S5.md)
- [Mass. Gen. Laws ch. 167F, sec. 8 Subscription for and acquisition of stock issued by Federal Reserve Bank of Boston](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S8.md)
- [Mass. Gen. Laws ch. 167F, sec. 9 Membership in certain organizations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S9.md)
- [Mass. Gen. Laws ch. 167F, sec. 10 Investment, etc. in services from another bank for purposes of obtaining or furnishing technology, trust services, operation functions, staff, etc.](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S10. Check the current official text before relying on it. Not legal advice.