The commissioner, for services rendered in connection with the liquidation of state trust companies hereunder, shall be entitled to actual expenses incurred in connection with the liquidation of each state trust company, including therein a reasonable sum for the time of the examiners and other agents of the commissioner, which expenses shall be a prior lien on the assets of such state trust company so liquidated until paid in full; and the commissioner shall have authority to prescribe reasonable rules and regulations for fixing such expenses.
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