{"data":{"id":"us-ma/mass.-gen.-laws-ch.-167j-21","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 167J, § 21","heading":"Election of alternative corporate governance procedures; designation in by-laws of body of law selected for corporate governance procedure","body":"Section 21. A bank's corporate governance procedures shall comply with banking laws and regulations and safe and sound banking practices. To the extent not inconsistent with the above, a bank may elect to follow the corporate governance procedures of chapter 156D or the law of the state in which its holding company is organized. A bank shall designate in its by-laws the body of law selected for its corporate governance procedures.","path":["Part I","Title XXII","Chapter 167J"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter167J/Section21","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:00Z","sha256":"6cfc443185b41a460b4573353c241ffafe355ab8a1c7704b1712cdf9c7ee4ce2","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-167j-20","next":"us-ma/mass.-gen.-laws-ch.-168-1"},"notice":"GroundRules: Original legal text. Not legal advice."}