# Mass. Gen. Laws ch. 167, sec. 1: Definitions > Massachusetts · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1 ## Section - **Citation:** Mass. Gen. Laws ch. 167, sec. 1 - **Heading:** Definitions - **Jurisdiction:** Massachusetts - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** MA Code / Part I / Title XXII / Chapter 167 / Section 1 ## Text Section 1. As used in this chapter, the following words shall, unless the context otherwise requires, have the following meanings:— ''Bank'', any association or corporation chartered by the commonwealth under chapter 168, 170, 171 or 172, or an individual, association, partnership or corporation incorporated or doing a banking business in the commonwealth subject to the supervision of the commissioner. ''Commissioner'', the commissioner of banks. ''Cooperative bank'', an association or corporation chartered pursuant to chapter 170. ''Credit union'', an association or corporation chartered pursuant to chapter 171. ''Federal bank'', a national banking association, savings and loan association or savings bank that exists by authority of the United States, the main office of which is located in the commonwealth. ''Federal branch'', a branch in the commonwealth of any out-of-state federal bank. ''Foreign bank'', an association or corporation authorized to do a banking business the main office of which is located outside the commonwealth and which exists by authority of a country other than the United States. ''Internet bank'', a bank, federal bank, foreign bank or out-of-state bank that provides its services exclusively or primarily through the internet. ''Limited purpose trust company'', an association or corporation chartered pursuant to section 9A of chapter 172. ''Massachusetts bank'', a bank, other than an association or corporation chartered pursuant to chapter 171. ''Massachusetts branch'', a branch in the commonwealth of an out-of-state bank. ''Out-of-state bank'', an association or corporation authorized to do a banking business, the main office of which is located outside the commonwealth and which exists by authority of a state of the United States except the commonwealth. ''Out-of-state branch'', a branch of a Massachusetts bank located outside the commonwealth. ''Out-of-state federal bank'', a national banking association, savings and loan association or savings bank that exists by authority of the United States, the main office of which is located outside the commonwealth. ''Savings bank'', an association or corporation chartered pursuant to chapter 168. ''State'', a state, commonwealth or territory of the United States, the District of Columbia, or a foreign country. ''Trust company'', an association or corporation chartered pursuant to chapter 172. Section 1. As used in this chapter, the following words shall, unless the context otherwise requires, have the following meanings:— ''Bank'', any association or corporation chartered by the commonwealth under chapter 168, 170, 171 or 172, or an individual, association, partnership or corporation incorporated or doing a banking business in the commonwealth subject to the supervision of the commissioner. ''Commissioner'', the commissioner of banks. ''Cooperative bank'', an association or corporation chartered pursuant to chapter 170. ''Credit union'', an association or corporation chartered pursuant to chapter 171. ''Federal bank'', a national banking association, savings and loan association or savings bank that exists by authority of the United States, the main office of which is located in the commonwealth. ''Federal branch'', a branch in the commonwealth of any out-of-state federal bank. ''Foreign bank'', an association or corporation authorized to do a banking business the main office of which is located outside the commonwealth and which exists by authority of a country other than the United States. ''Internet bank'', a bank, federal bank, foreign bank or out-of-state bank that provides its services exclusively or primarily through the internet. ''Limited purpose trust company'', an association or corporation chartered pursuant to section 9A of chapter 172. ''Massachusetts bank'', a bank, other than an association or corporation chartered pursuant to chapter 171. ''Massachusetts branch'', a branch in the commonwealth of an out-of-state bank. or out-of-state bank that provides its services exclusively or primarily through the internet. ''Limited purpose trust company'', an association or corporation chartered pursuant to section 9A of chapter 172. ''Massachusetts bank'', a bank, other than an association or corporation chartered pursuant to chapter 171. ''Massachusetts branch'', a branch in the commonwealth of an out-of-state bank. ''Out-of-state bank'', an association or corporation authorized to do a banking business, the main office of which is located outside the commonwealth and which exists by authority of a state of the United States except the commonwealth. ''Out-of-state branch'', a branch of a Massachusetts bank located outside the commonwealth. ''Out-of-state federal bank'', a national banking association, savings and loan association or savings bank that exists by authority of the United States, the main office of which is located outside the commonwealth. ''Savings bank'', an association or corporation chartered pursuant to chapter 168. ''State'', a state, commonwealth or territory of the United States, the District of Columbia, or a foreign country. ''Trust company'', an association or corporation chartered pursuant to chapter 172. ## Nearby sections - [Mass. Gen. Laws ch. 167, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1.md) - [Mass. Gen. Laws ch. 167, sec. 1A Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1A.md) - [Mass. Gen. Laws ch. 167, sec. 2 Examination of banks](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2.md) - [Mass. Gen. Laws ch. 167, sec. 2A Definitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2A.md) - [Mass. Gen. Laws ch. 167, sec. 2B Investigation of unfair practices](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2B.md) - [Mass. Gen. Laws ch. 167, sec. 2C Proceedings regarding unfair practices; notice; hearing](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2C.md) - [Mass. Gen. Laws ch. 167, sec. 2D Unfair practices; findings; cease and desist orders; penalty; modification of order](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2D.md) - [Mass. Gen. Laws ch. 167, sec. 2E Review of cease and desist orders; civil liability](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2E.md) - [Mass. Gen. Laws ch. 167, sec. 2F Violations of cease and desist orders; penalties](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2F.md) - [Mass. Gen. Laws ch. 167, sec. 2G Penalties for unfair practices; enforcement](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2G.md) - [Mass. Gen. Laws ch. 167, sec. 2H Notice to commissioner of activity or investment of savings bank, co-operative bank or trust company; waiver or extension of notice period](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2H.md) - [Mass. Gen. Laws ch. 167, sec. 2I Compliance with federal laws and regulations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2I.md) - [Mass. Gen. Laws ch. 167, sec. 2J Confidentiality of information provided in applications filed with commissioner](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2J.md) - [Mass. Gen. Laws ch. 167, sec. 3 Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S3.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1. Check the current official text before relying on it. Not legal advice.