The bylaws of any organization formed hereunder may be amended by a majority vote of the stock held by those present at any meeting at which a quorum attends, the notice of which meeting shall have been given in accordance with the bylaws and shall have stated the purport of the proposed amendment and the intention to bring it up for consideration. Such amendment shall not become effective until it has been approved by the Federal Intermediate Credit Bank, and a copy recorded in the office of the chancery clerk of the county in which such organization has its domicile.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 15 - Mississippi Rural Credit Law
§ 81-15-7. Number of incorporators required; general provisions
§ 81-15-9. Articles and bylaws subscribed to
§ 81-15-11. Amendment of bylaws
§ 81-15-13. Organizations may discount or sell paper to Federal Intermediate Credit Bank
§ 81-15-15. Organizations may borrow money from Federal Intermediate Credit Bank
§ 81-15-19. Limit of capital stock to be used for certain purposes
§ 81-15-21. Officers, directors and stockholders not to be liable
§ 81-15-23. Powers of corporation
§ 81-15-25. May provide warehouses
§ 81-15-27. May contract with warehouse
§ 81-15-29. Money loaned exempt
§ 81-15-31. Amount of capital stock necessary for certain powers