The commissioner and the deputy commissioner each shall, before entering upon the discharge of their respective duties, take and subscribe the constitutional oath of office and shall execute to the State of Mississippi a bond in the sum of Fifty Thousand Dollars ($50,000.00) with a surety company authorized to do business in this state, to be delivered to and approved by the Treasurer of the State of Mississippi.
The state bank examiners shall, before entering upon the discharge of their duties, take and subscribe the constitutional oath of office and shall execute to the State of Mississippi a bond in the sum of Twenty Thousand Dollars ($20,000.00) with a surety company authorized to do business in this state, to be delivered to and approved by the Treasurer of the State of Mississippi.
These bonds shall, by the terms thereof, be payable to the state, and shall be liable to the state in actions brought by the Attorney General on behalf of the state, and shall also be liable in actions brought by anyone aggrieved by breach thereof. The bonds shall be conditioned for the faithful and impartial performance of the duties of the particular office for which the bond was given, for the faithful and proper handling and accounting for all funds, and for the payment of all damages and costs which may accrue under provisions of law.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 1 - Department of Banking and Consumer Finance
§ 81-1-59. Department of banking and consumer finance
§ 81-1-61. Commissioner of Banking and Consumer Finance; qualifications; term of office; vacancies
§ 81-1-63. Deputy commissioner; duties; qualifications; dismissal
§ 81-1-67. Oath of office and bond
§ 81-1-69. Salaries of commissioner and deputy commissioner
§ 81-1-71. Reimbursement of travel expenses; annual audit
§ 81-1-75. Furniture, fixtures, equipment and department expenses
§ 81-1-79. Attorney general as legal adviser; special counsel
§ 81-1-83. Powers and duties of officer making examination
§ 81-1-85. Witnesses' attendance may be compelled; penalty for false statements
§ 81-1-87. Testimony to be taken by stenographer; compensation of stenographer
§ 81-1-91. Past due paper; certain items to be charged off
§ 81-1-93. Special examinations and special services; cost and expenses
§ 81-1-95. New statement may be ordered after finding of material changes or errors
§ 81-1-97. Call reports by banks; attestation
§ 81-1-101. False statement of bank official; penalty
§ 81-1-105. Injunction against commissioner by bank
§ 81-1-107. Assessment against banks for maintenance fund
§ 81-1-109. Disbursements from department maintenance fund
§ 81-1-111. Forms and record books to be supplied
§ 81-1-113. Annual report to legislature
§ 81-1-117. Transfer of functions
§ 81-1-125. Commissioner to issue orders for supervisory control with regard to banks
§ 81-1-129. Appeal of cease and desist order
§ 81-1-131. Fines and penalties; reimbursement