Massachusetts Housing Finance Agency v. New England Merchants National Bank of Boston

The plaintiff (MHFA) brings this bill for declaratory relief to determine whether two conditions (see fn. 7, infra, and related text of this opinion) of a purchase and sale agreement made by MHFA with the defendants (the banks) have been met. The banks’ answer admits the allegations of the bill. It is stipulated in effect that the pleadings may be treated as constituting a case stated. The case was reported without decision by the single justice.

MHFA is "a body politic and corporate” established by St. 1966, c. 708, as amended by St. 1968, cc. 671, 709, and 761, § 21. 2 Section 5 (a) of the…