MA H1232

Updates outdated statutory cross-references throughout Massachusetts banking laws, replacing references to repealed or renumbered sections with current chapter and section citations (e.g., replacing references to chapters 168, 170, 172 with chapter 167J)

Replaces terminology "banks and banking" with "financial services" in multiple sections of chapter 167 to reflect current regulatory structure

Clarifies voting requirements for bank mergers and consolidations by adding "present and voting thereon" language to specify that two-thirds approval thresholds apply to those actually voting, not total membership

Simplifies definitions of savings banks and cooperative banks in stock form by removing lengthy cross-references to specific statutory provisions

Corrects typographical errors (e.g., "muform" to "mutual form") and allows banks to elect corporate governance provisions under chapter 156D on an ongoing basis rather than as a one-time election