Mississippi Code
Involuntary Dissolution and Liquidation
§ 81-27-8.131. Report to the Secretary of State

The commissioner shall on or before the first day of each year thereafter file with the Secretary of State a report showing all state trust companies under liquidation in this state, and the names of any and all auditors together with the amounts paid to them for auditing each of the state trust companies, and the names of any and all attorneys employed in connection with the liquidation of the state trust companies together with the amount paid or contracted to be paid to each of the attorneys. If any attorney has been employed on a fee contingent upon recovery, the report must state in substance the contract.
Within five (5) days from the receipt of the report the Secretary of State shall cause the same to be published one (1) time in some newspaper published in each county in which a state trust company or state trust companies are under liquidation. If there is no newspaper published in the county, the Secretary of State shall cause a copy of the report to be posted at the courthouse door in the county.

Structure Mississippi Code

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

§ 81-27-8.104. Notice to trust institutions, corporations and others holding assets; liens not to accrue

§ 81-27-8.105. Permission to resume business

§ 81-27-8.106. Remedy for seizure; answer to notice, injunction; and appeal

§ 81-27-8.107. Collection of debts and claims; commissioner succeeds to all property of the state trust company

§ 81-27-8.108. Bond of the commissioner; surety; condition; minimum penalty

§ 81-27-8.109. Inventory

§ 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

§ 81-27-8.130. Additional remedy

§ 81-27-8.131. Report to the Secretary of State