{"data":{"id":"us-ma/mass.-gen.-laws-ch.-167i-18","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 167I, § 18","heading":"Interim banks","body":"Section 18. Notwithstanding any general or special law to the contrary, the commissioner may, subject to such terms and conditions as the commissioner may impose, grant a certificate to establish an interim bank, which may be a savings bank, co-operative bank or a trust company, owned by a bank holding company or a banking institution, as defined in section 1 of chapter 167A, or a mutual holding company, as defined in section 1 of chapter 167H, for the sole purpose of facilitating a multi-step corporate transaction involving a bank, as defined in section 1 of chapter 167; provided, however, that the interim bank under this chapter, chapter 167A, 167H, 167I or any other chapter shall not receive deposits or otherwise carry on a banking business under the laws of the commonwealth.","path":["Part I","Title XXII","Chapter 167I"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter167I/Section18","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:00Z","sha256":"355216ad7823dabe8e1f066dc79e4d50519559bec1eb763a6234a8822e4687ea","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-167i-17","next":"us-ma/mass.-gen.-laws-ch.-167j-1"},"notice":"GroundRules: Original legal text. Not legal advice."}