A state trust company may go into voluntary liquidation and be closed, and may surrender its charter and franchise as a corporation of this state by the affirmative votes of its shareholders or participants owning two-thirds (2/3) of its stock or participation shares.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 27 - Multistate, State and Limited Liability Trust Institutions
Article 8 - Dissolution and Receivership; Conservatorship
Voluntary dissolution and liquidation
§ 81-27-8.001. Required vote of shareholders or participants
§ 81-27-8.002. Corporate procedure
§ 81-27-8.003. Authority to liquidate; publication
§ 81-27-8.004. Examination and reports