All state savings banks must qualify for and maintain eligibility for the bad debt reserve under Section 7701(a)(19) of the Internal Revenue Code of 1968 and any amendments thereto.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Article 2 - Incorporation and Organization
§ 81-14-53. Application of chapter on business corporations
§ 81-14-61. Commissioner to consider application
§ 81-14-71. Insurance of accounts required
§ 81-14-73. Status as IRS qualified thrift institution
§ 81-14-75. Time allowed to commence business
§ 81-14-79. Amendments to certificate of incorporation
§ 81-14-81. List of stockholders to be maintained
§ 81-14-85. Request to change location of branch or principal office
§ 81-14-87. Approval revoked; branch office