If the commissioner determines that a branch maintained by an out-of-state state bank in the State of Mississippi is being operated in violation of any provision of the laws of the State of Mississippi, or that such branch is being operated in an unsafe and unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a Mississippi state bank; however, the commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 23 - Interstate Bank Branching
§ 81-23-11. Filing of application; criteria for approval
§ 81-23-13. Requirements for out-of-state state banks
§ 81-23-21. Power of commissioner to promulgate regulations
§ 81-23-23. Change in control requirement for out-of-state state banks
§ 81-23-25. Application in case of judicial finding of invalidity