Within thirty (30) days after the filing of the notice of the taking possession of a state trust company in the office of the chancery clerk, the commissioner, or a duly appointed agent, shall file an inventory of the assets and liabilities of such state trust company. A copy of the inventory shall be filed with the chancery clerk in the pending action and a copy shall be kept on file in the state trust company. The inventory shall be open for inspection during the usual business hours, provided that nothing herein shall require the state trust company to remain open unnecessarily.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 27 - Multistate, State and Limited Liability Trust Institutions
Article 8 - Dissolution and Receivership; Conservatorship
Involuntary Dissolution and Liquidation
§ 81-27-8.101. When commissioner may take charge
§ 81-27-8.102. Directors may act
§ 81-27-8.103. Notice of seizure; bar to attachment
§ 81-27-8.105. Permission to resume business
§ 81-27-8.106. Remedy for seizure; answer to notice, injunction; and appeal
§ 81-27-8.108. Bond of the commissioner; surety; condition; minimum penalty
§ 81-27-8.110. Notice and time for filing claims
§ 81-27-8.111. Power to reject claims; notice; affidavit of service; action on claims
§ 81-27-8.112. List of claims presented and deposits; copies; proviso
§ 81-27-8.113. Declaration of dividends; order of preference in distribution
§ 81-27-8.114. Deposit of funds collected
§ 81-27-8.115. Employment of counsel; accountants; and other experts; compensation
§ 81-27-8.116. Unclaimed dividends held in trust
§ 81-27-8.117. Action by the commissioner following full settlement
§ 81-27-8.118. Annual report of the commissioner; items included
§ 81-27-8.119. Compensation of the commissioner
§ 81-27-8.120. Exclusive method of liquidation
§ 81-27-8.121. Disposition of books and records
§ 81-27-8.122. Destruction of books and records
§ 81-27-8.123. Trust terminated on insolvency of state trust company
§ 81-27-8.124. Petition for new trustee
§ 81-27-8.125. Publication and notice
§ 81-27-8.126. Appointment where no objection made
§ 81-27-8.127. Hearing upon objection
§ 81-27-8.128. Registration of final order
§ 81-27-8.129. Petition and order applicable to all instruments