No organization provided for herein shall have power to use or invest more than twenty percent of its capital stock for organization, current expenses, rent, personal or real property necessary for its use in conducting its business, or for providing warehouses or warehouse facilities.
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