Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Any company which knowingly violates any provision of this chapter or any regulation or order issued by the commissioner pursuant thereto may be punished by a fine of not more than one hundred dollars for each day during which such violation continues.
(b) Any individual who willfully participates in a violation of this chapter, or any rule or regulation of the commissioner issued pursuant thereto, shall be punished by a fine of not more than five thousand dollars.
(c) Any individual who swears or affirms that any report required by the commissioner pursuant to this chapter is true, knowing the same to be false, shall be punished by a fine of not more than five thousand dollars or by imprisonment for not more than one year, or both.
(d) Any officer, director, trustee, employee or agent of any bank holding company or affiliate thereof who makes any false entry in any book, record or statement of such company or affiliate with the intent to deceive any examiner lawfully appointed to examine into its condition or into any of its affairs, or who, with like intent, willfully omits to make a true entry of any material pertaining to the business of such company or affiliate in any book, report, record or statement of such company or affiliate, made, written or kept by him or under his direction shall be punished by a fine of not more than ten thousand dollars, or by imprisonment in the state prison for not more than ten years, or in a jail or house of correction for not more than two and one half years, or by both such fine and imprisonment.
Cite this article: FindLaw.com - Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 167A, § 6 - last updated January 01, 2025 | https://codes.findlaw.com/ma/part-i-administration-of-the-government-ch-1-182/ma-gen-laws-ch-167a-sect-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)