{"data":{"id":"us-ma/mass.-gen.-laws-ch.-167e-1","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 167E, § 1","heading":"Definitions","body":"Section 1. As used in this chapter, the following words, shall unless the context otherwise requires, have the following meanings:—\n''Bank'', a savings bank, co-operative bank, or trust company subject to the supervision of the commissioner of banks.\n''Capital'', (1) the sum of the capital stock, surplus account and undivided profits of a savings bank or a co-operative bank which has converted to a stockholder form of corporation, a subsidiary banking institution of a mutual holding company as defined in chapter 167H or a trust company as defined in section 1 of chapter 172; (2) the sum of the surplus account of a mutual form savings bank governed by chapter 168 or a mutual form co-operative bank governed by chapter 170. The commissioner, in his discretion, may further define or permit adjustments to the capital accounts of a bank necessary to effect the purposes of this chapter.\n''Commissioner'', the commissioner of banks.\n''Real estate'', land or property, without geographic limitation, including improved land with a dwelling, owner occupied or unoccupied dwellings, unimproved land, farmland, a unit of a condominium, shares of stock issued by a co-operative housing corporation, industrial and commercial property, leasehold interests created in air rights over land, and any other interest in land; but a loan secured by real estate shall include a loan on a leasehold under a lease which does not expire for at least 5 years beyond the maturity date of the loan.","path":["Part I","Title XXII","Chapter 167E"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter167E/Section1","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:59Z","sha256":"dbfbe2b6006b8e41c2604993574f56995e0858b5466d357c04f8c218f9ca930c","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-167d-26-to-36","next":"us-ma/mass.-gen.-laws-ch.-167e-1a"},"notice":"GroundRules: Original legal text. Not legal advice."}