# Mass. Gen. Laws ch. 167F, sec. 5: Federal Home Loan Bank; membership; investment in stock

> Massachusetts · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167F_S5

## Section

- **Citation:** Mass. Gen. Laws ch. 167F, sec. 5
- **Heading:** Federal Home Loan Bank; membership; investment in stock
- **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 5

## Text

Section 5. A bank may become a member of the Federal Home Loan Bank established for the district of New England under the provisions of an act of Congress, approved July twenty-second, nineteen hundred and thirty-two, as amended, and known as the Federal Home Loan Bank Act, or of any successor of said bank; and may terminate such membership at any time. A bank may subscribe to and invest in such amounts of the stock of said home loan bank or of any such successor as may be required by law to qualify such corporation for membership therein.

Section 5. A bank may become a member of the Federal Home Loan Bank established for the district of New England under the provisions of an act of Congress, approved July twenty-second, nineteen hundred and thirty-two, as amended, and known as the Federal Home Loan Bank Act, or of any successor of said bank; and may terminate such membership at any time. A bank may subscribe to and invest in such amounts of the stock of said home loan bank or of any such successor as may be required by law to qualify such corporation for membership therein.

## 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_S5. Check the current official text before relying on it. Not legal advice.