{"data":{"id":"us-ma/mass.-gen.-laws-ch.-157-5","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 157, § 5","heading":"Investment of reserve fund","body":"Section 5. At any regular meeting, or at any duly called special meeting, at which a majority of its stockholders are present, a corporation formed under section three may authorize the investment if its reserve fund or any part thereof, first, in the building where it is doing business, or, second, in a first mortgage of real estate owned and occupied as a dwelling by any of its stockholders.","path":["Part I","Title XXII","Chapter 157"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter157/Section5","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:42Z","sha256":"1536c7772d4cbdc2513eb9f9dc96dd12260a97cf1ebc60698755f6e96d808c38","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-157-4","next":"us-ma/mass.-gen.-laws-ch.-157-6"},"notice":"GroundRules: Original legal text. Not legal advice."}