Section 13: Maintenance of capital and surplus or surplus account deemed adequately capitalized
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/ma/part-i/title-xxii/chapter-167j/13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13. A bank shall maintain capital and surplus if a stock corporation or a surplus account if a mutual institution necessary to be deemed, at a minimum, adequately capitalized as determined by the federal deposit insurance agency which insures the deposits of the bank or, if applicable, by the commissioner.