Each savings bank shall maintain an adequate net worth appropriate for the conduct of its business and the protection of its savings account holders. The net worth adequacy of a savings bank shall be determined by the commissioner on a regular basis, but not less than one (1) time per year after evaluating the character of management, the quality of assets, history of earnings and the retention thereof, the potential volatility of the deposit structure and the institution's capacity to furnish the broadest service to the public. A written report of such finding and determination shall be made and filed by the commissioner.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
§ 81-14-351. Generally accepted accounting principles
§ 81-14-355. Net worth maintenance requirement
§ 81-14-361. Accounts of administrators, executors, guardians, trustees and other fiduciaries
§ 81-14-363. Accounts payable at death
§ 81-14-365. Collection of processing fee for returned checks
§ 81-14-371. Deposit accounts as deposit of securities
§ 81-14-373. New account books
§ 81-14-375. Transfer of deposit accounts
§ 81-14-377. Authority of power of attorney
§ 81-14-379. Adverse claims to accounts
§ 81-14-381. Accounts of deceased nonresidents
§ 81-14-383. Payments to successors without administration