Mississippi Code
Title 81 - Banks and Financial Institutions

Chapter 1 - Department of Banking and Consumer Finance

§ 81-1-59. Department of banking and consumer finance - The Department of Banking and Consumer Finance is hereby created,...

§ 81-1-61. Commissioner of Banking and Consumer Finance; qualifications; term of office; vacancies - The management, control and direction of the department shall be...

§ 81-1-63. Deputy commissioner; duties; qualifications; dismissal - The commissioner shall appoint a deputy commissioner, with the approval...

§ 81-1-65. Employment of state banking examiners and other assistants; qualifications; compensation; removal; fingerprinting of all employees and applicants as condition of employment; limited use of criminal history record checks - The commissioner shall employ such assistants, to be known as...

§ 81-1-67. Oath of office and bond - The commissioner and the deputy commissioner each shall, before entering...

§ 81-1-69. Salaries of commissioner and deputy commissioner - The salaries of the commissioner and the deputy commissioner shall...

§ 81-1-71. Reimbursement of travel expenses; annual audit - The commissioner, all examiners and any employee required to travel...

§ 81-1-73. Seal of Department of Banking and Consumer Finance; sealed documents to be used in evidence; certified copies - The department shall have a seal which shall be in...

§ 81-1-75. Furniture, fixtures, equipment and department expenses - The department shall be supplied with all necessary office furniture,...

§ 81-1-77. Borrowing money from or indorsing notes to state banks by officers or employees of department prohibited; penalties - No officer or employee of the department shall be permitted...

§ 81-1-79. Attorney general as legal adviser; special counsel - The Attorney General shall advise the department on all legal...

§ 81-1-83. Powers and duties of officer making examination - At each examination, the commissioner or an examiner may examine...

§ 81-1-85. Witnesses' attendance may be compelled; penalty for false statements - The commissioner or an examiner shall have the authority to...

§ 81-1-87. Testimony to be taken by stenographer; compensation of stenographer - The commissioner or an examiner, in all cases where the...

§ 81-1-91. Past due paper; certain items to be charged off - In all bank examinations no bank shall be allowed credit...

§ 81-1-93. Special examinations and special services; cost and expenses - The commissioner may make special examinations or render special services...

§ 81-1-95. New statement may be ordered after finding of material changes or errors - If, upon the completion of any examination, the commissioner or...

§ 81-1-97. Call reports by banks; attestation - The commissioner shall call upon each state bank for the...

§ 81-1-99. Copy of call reports to be furnished on request; fee; penalties relating to issuance of reports and fees therefor - A copy of the call reports of any bank shall...

§ 81-1-101. False statement of bank official; penalty - Any officer, director, cashier, agent, clerk or stockholder of any...

§ 81-1-103. Investigation of proposed federal cease and desist, suspension or removal orders to state chartered banks - If the commissioner receives notice from the United States or...

§ 81-1-105. Injunction against commissioner by bank - The commissioner may be enjoined in chancery court by any...

§ 81-1-107. Assessment against banks for maintenance fund - Every bank organized under the laws of this state engaging...

§ 81-1-109. Disbursements from department maintenance fund - All moneys paid out of the department maintenance fund shall...

§ 81-1-111. Forms and record books to be supplied - For the purpose of carrying into effect the provisions of...

§ 81-1-113. Annual report to legislature - The commissioner shall make a full report as required by...

§ 81-1-117. Transfer of functions - Upon March 21, 1980, the Department of Bank Supervision and...

§ 81-1-125. Commissioner to issue orders for supervisory control with regard to banks - The order approving the plan shall not take effect until...

§ 81-1-129. Appeal of cease and desist order - Any person or state bank against whom a cease and...

§ 81-1-131. Fines and penalties; reimbursement - No person who is fined or penalized for a violation...

§ 81-1-133. Cumulative penalties, fines and remedies - All penalties, fines and remedies provided by this chapter shall...

§ 81-1-137. Financial literacy programs for the public - The department may establish programs for the education of the...

Chapter 3 - Incorporation and Organization of Banks

§ 81-3-1. Definition of words "bank," "corporation," "eligible bank," as used in title - Whenever the word "bank" is used in any statute, unless...

§ 81-3-3. Use of words "bank," "banking," "bankers," "trust company," etc.; supervision and assessment of banks - Every banking corporation organized under the laws of this state...

§ 81-3-5. Incorporation of banks - Five or more persons of full age and of good...

§ 81-3-7. Articles of incorporation - The articles of incorporation of every banking corporation shall be...

§ 81-3-9. Number of directors; payment for capital stock; increases in authorized but unissued capital stock - Every banking corporation shall have at least five (5) directors,...

§ 81-3-11. Capital stock and surplus required - "Earned Surplus" as referred to in this chapter shall be...

§ 81-3-13. Certificate to incorporate and organize - When the commissioner has completed the examination and made his...

§ 81-3-15. Renewals and amendments of charters - The charter or articles of incorporation of banking corporations heretofore...

Chapter 5 - General Provisions Relating to Banks and Banking

General Provisions

§ 81-5-2. Private corporation laws; application to state banks - All the provisions of law relating to private corporations operating...

§ 81-5-3. Bank not to permit use of its name - It shall be unlawful for any bank or corporation liable...

§ 81-5-5. Local and regional banks for farm loans authorized - Local and regional banks for the purpose of making and...

§ 81-5-7. Preservation of old records - Prior to issuing any such regulation, the commissioner shall consider:

§ 81-5-9. Banks shall become members of the Federal Deposit Insurance Corporation - All banking corporations organized under the laws of the State...

§ 81-5-11. State banks may become members of Federal Reserve Bank - Any bank or trust company incorporated under the laws of...

§ 81-5-13. Federal Reserve Act requirements must be observed - Any bank or trust company, incorporated under the laws of...

§ 81-5-15. Officers and employees of banks to furnish fidelity bond; insurance - Every active officer and employee of any bank or trust...

§ 81-5-17. Bank stock; transfer and use as collateral - The shares of stock of banks shall be deemed personal...

§ 81-5-19. Stock; record of transfer of to be kept - A book shall be provided and kept by every bank,...

§ 81-5-21. Stock of other banks not to be owned - No part of the stock of any bank except regional...

§ 81-5-23. Preferred stock; issuance authorized - Banks may, with the approval of the state comptroller, and...

§ 81-5-25. Investments in stock of small business investment companies - Shares of stock issued by small business investment companies, incorporated...

§ 81-5-27. Liability of stockholders - The stockholders of every bank shall be individually liable, actually...

§ 81-5-29. Corporations may be formed to purchase, hold and own bank assets - Corporations may be formed to purchase, hold and own bank...

§ 81-5-31. Voting trusts prohibited - The transfer of any part of the stock of a...

§ 81-5-33. Powers in regard to trusts - Banks may accept and execute all such trusts and perform...

§ 81-5-34. Accounts of administrators, executors, guardians, trustees, and other fiduciaries - Any bank, including a national bank, may accept accounts in...

§ 81-5-35. State and national banks acting in fiduciary capacity not required to file bond; exception - No state or national bank domiciled in this state and...

§ 81-5-39. Banks may register securities held in fiduciary capacity in name of bank's nominee - Whenever any bank or trust company organized under the laws...

§ 81-5-41. Foreign investors may engage in certain activities without qualifying - The Secretary of State, upon the receipt of process by...

§ 81-5-45. Qualification and oath of directors; meetings; executive and auditing committee - Every director of every state bank must be the owner,...

§ 81-5-47. Directors may contract to sell stock while continuing to serve - Any director of a bank or other banking corporation while...

§ 81-5-49. Interlocking directorates prohibited - No person shall be permitted to be a director in...

§ 81-5-51. Loans to directors and executive officers - Loans aggregating fifteen percent (15%) of the unimpaired capital and...

§ 81-5-53. Limitation of liability when dealing with agents, trustees, etc. - A bank dealing, whether to its own benefit or otherwise,...

§ 81-5-56. Month and year checking account opened to be printed on face of checks - From and after July 1, 1991, any financial institution offering...

§ 81-5-57. Excess deposits; limit and penalty - No state bank shall receive and hold deposits continuously for...

§ 81-5-59. Deposit of minors - When any minor or other person under disability shall make...

§ 81-5-61. Safe deposit boxes; leasing to minors - Any bank or other corporation maintaining safe deposit boxes for...

§ 81-5-62. Accounts payable at death - [Effective from and after January 1, 2020] Accounts payable at...

§ 81-5-64. Access to safe-deposit box upon death of sole lessee or last surviving co-lessee; definitions; order of priority; documentation required; rights and responsibilities of persons granted access; liability protections to financial institution... - A copy of the inventory may be retained by the...

§ 81-5-65. Accounts of deceased depositors to be reported; publicity of same - It shall be the duty of every officer and employee...

§ 81-5-67. Settlement of adverse claims to deposits - Notice to any bank doing business in this state of...

§ 81-5-71. Certifying checks - No officer, clerk or employee of any bank shall certify...

§ 81-5-75. Authorization for payment of dividend - No state bank shall declare or pay any dividend upon...

§ 81-5-77. Limit of loans and extensions of credit to single borrower - The liability to a bank by a person, company, corporation...

§ 81-5-79. Small loans - Any bank or trust company heretofore or hereafter organized under...

§ 81-5-81. Effect of third-party deposits to induce making of unsound loans - The Federal Deposit Insurance Corporation, the Comptroller of the Currency,...

§ 81-5-83. Limit of borrowing power of banks - No bank chartered and doing business under the laws of...

§ 81-5-85. Consolidation, conversion or merger of state or state and national banks, state or federal savings and loan associations and state-chartered banks, and state or federal savings banks and state-chartered banks - Any two (2) or more state-chartered banks, or any national...

§ 81-5-87. Holding of real estate by bank - Any banking corporation doing business in this state may purchase,...

§ 81-5-89. Limitations upon acceptances - A state bank may accept drafts or bills of exchange...

§ 81-5-93. Clearinghouse associations authorized - Banks or banking institutions in any municipality or county or...

§ 81-5-95. Powers of clearinghouse associations - Clearinghouse associations, by the action of the members thereof, shall...

§ 81-5-97. Banking hours - The commissioner of banking and consumer finance may, from time...

§ 81-5-98. Drive-in teller windows and branch offices considered to be branch banks - Drive-in teller windows and branch offices in operation on July...

§ 81-5-101. Dissolution of solvent banks - When the owners of two-thirds of the capital stock of...

§ 81-5-103. General penalty - Any banker, officer, employee, director or agent of any state...

Depository Financial Institutions Self-evaluation Reports

§ 81-5-151. Definitions - For purposes of Sections 81-5-151 and 81-5-153, the following words...

Chapter 7 - Branch Banks

§ 81-7-1. Application and procedure for establishment of branch banks; appeal; judicial review - Appeals from an unfavorable final decision may be taken by...

§ 81-7-3. How branch banks to be named - The name of all branch banks in this state shall...

§ 81-7-7. Establishment of branch banks de novo or by merger or consolidation - Compliance with the procedures set forth in Section 81-7-1 is...

§ 81-7-9. Capital requirements for branch banking system - All parent banks permitted to establish branch banks shall have...

§ 81-7-11. Issues of stock for annexation of branches - Subject to the provisions of subsections (2), (3) and (4)...

§ 81-7-13. Discontinuance and removal of branch banks - No branch bank in this state may be discontinued or...

§ 81-7-15. Examination of branch banks - The state comptroller shall formulate rules and regulations for the...

§ 81-7-17. National banks may establish branches - National banks are hereby granted the right and authority to...

§ 81-7-21. Certain branches not affected - None of the provisions of Sections 81-7-1, 81-7-3, 81-7-7 and...

§ 81-7-23. Application of chapter - The provisions of this chapter apply to branching within the...

Chapter 8 - Regional Banking Institutions

§ 81-8-1. Definitions - For the purposes of this chapter, the following words shall...

§ 81-8-7. Applicability of state laws and rules and regulations of state agencies - Any bank holding company which controls a Mississippi bank or...

§ 81-8-9. Cooperative agreements between department and other bank regulatory agencies - The department is authorized to enter into cooperative agreements with...

§ 81-8-11. Construction of chapter - It is the purpose of this chapter to permit orderly...

Chapter 9 - Insolvent Banks

§ 81-9-1. Capital stock impaired; how restored - When it shall be brought to the attention of the...

§ 81-9-3. Transfers by banks and other acts in contemplation of insolvency - All transfers of the notes, bonds, bills of exchange, or...

§ 81-9-5. Closing insolvent banks - If at any time the state comptroller shall be of...

§ 81-9-7. Examiner to be placed in charge - If the Commissioner of Banking and Consumer Finance shall close...

§ 81-9-9. Conservation of assets; title - During the period in which such examiner shall be in...

§ 81-9-11. Sale of assets of insolvent bank - After the state comptroller has taken charge of an insolvent...

§ 81-9-13. Reopening banks under "freezing of deposits" agreements - The comptroller of banks of the State of Mississippi is...

§ 81-9-15. Limitation on custodial period; approval of acts involving discretion or judgment - The period in which the state comptroller shall remain the...

§ 81-9-17. Receiver to be appointed - At the end of ninety days, if the state comptroller...

§ 81-9-19. Surrender of assets to receiver; reports - The state comptroller shall forthwith surrender to the receiver possession...

§ 81-9-21. Bond of receiver - The receiver shall furnish bond in such amount and with...

§ 81-9-23. Duties of receiver - The receiver shall proceed promptly to wind up the affairs...

§ 81-9-25. Receivers empowered to borrow money - By and with the approval of the chancellor all receivers...

§ 81-9-27. Receivers may sell assets of insolvent banks - By and with the approval of the chancellor all receivers...

§ 81-9-29. Liquidation; separate assets for creditors; corporate stock - Where a bank chartered under the laws of the State...

§ 81-9-31. Proof of claims - The receiver appointed under Section 81-9-17 shall cause notice to...

§ 81-9-33. Inventory and books by the receiver - The receiver shall make an inventory of all assets and...

§ 81-9-35. Dividends by receiver - From time to time, upon order of the chancellor, the...

§ 81-9-39. Compensation and expenses of receiver and attorney - Compensation of the receiver and attorney shall be fixed by...

§ 81-9-41. Liquidation of solvent bank - Any bank found to be solvent may be liquidated, if...

§ 81-9-43. Procedure to obtain depositors' liquidation - Proceedings to accomplish depositor liquidation of banks shall be begun...

§ 81-9-45. Petition and decree thereon - If the petition shall be signed and sworn to as...

§ 81-9-47. Effect of decree - The signing of the decree shall divest the state comptroller...

§ 81-9-49. General powers of liquidating corporation - Liquidating corporations created under the authority of this chapter shall...

§ 81-9-51. Double liability of certain stockholders released - Such corporation shall have power to bring suits to enforce...

§ 81-9-53. Bond of directors; compensation - Each director shall make bond, conditioned to perform faithfully his...

§ 81-9-55. Vacancies and removal of directors - Vacancies among directors shall be filled by the chancellor on...

§ 81-9-57. Officers of the corporation - The directors shall choose from among themselves a president and...

§ 81-9-59. Compensation of liquidator and other employees - The directors shall fix the compensation of the liquidator, may...

§ 81-9-61. Exercise of discretion without approval of court - By authority of order on the minutes signed by all...

§ 81-9-63. Sale of assets to going bank - By and with the approval of the chancellor and of...

§ 81-9-65. Corporation and directors may be restrained - On petition of any party aggrieved, filed in the depositor...

§ 81-9-67. Liquidating corporations may apply to court for directions - Liquidating corporations shall have the power to apply in vacation...

§ 81-9-69. Records and inspection thereof - Full and complete minutes shall be kept of all proceedings...

§ 81-9-73. When Federal Deposit Insurance Corporation or any similar corporation to be appointed receiver - Whenever the state comptroller shall apply for appointment of a...

§ 81-9-75. Priority of claims for payment against certain insolvent banks upon liquidation or upon execution of purchase of assets and assumption of liabilities - On liquidation of a state or private bank or on...

Chapter 12 - Savings Associations Law

§ 81-12-1. Citation of chapter - This chapter shall be cited as the "Savings Association Law."

§ 81-12-3. Definitions - When used in this chapter, the following words and phrases...

§ 81-12-4. Private corporation laws; application to savings and loan associations - All the provisions of law relating to private corporations operating...

§ 81-12-6. Department of Savings Institutions and Savings Institution Board abolished; transfer of powers, duties, etc. to other agencies - The Department of Savings Institutions and the Savings Institution Board...

§ 81-12-7. Rights, powers, privileges and duties of board - The commissioner shall have such rights, powers and privileges and...

§ 81-12-9. Determinations of commissioner final; judicial review - The determination by the commissioner upon any matter decided by...

§ 81-12-11. Duties of department - The department is charged with the execution of all laws...

§ 81-12-25. Incorporation; petition; fee; articles; bylaws; exhibits - Any five (5) or more individuals (hereinafter referred to as...

§ 81-12-27. Incorporation; examination and investigation of petition - Upon receipt of a petition for a certificate of incorporation,...

§ 81-12-31. Incorporation; meeting of board to consider petition; cross-examination of and compelling attendance of witnesses; disposition of petition - The board, at its meeting, shall consider the findings and...

§ 81-12-37. Capital stock association; minimum required capital; paid-in surplus; determining and maintaining adequate net worth - A capital stock association shall be organized in accordance with...

§ 81-12-45. Forfeiture of corporate existence; new corporations; extension of time within which to commence business - Any association which obtains its charter of incorporation subsequent to...

§ 81-12-49. Powers of associations - Every association incorporated pursuant to or operating under the provisions...

§ 81-12-51. Additional powers of capital stock associations - A capital stock savings and loan association (hereinafter referred to...

§ 81-12-53. Conversion of association organized under state law into federal association - At an annual meeting or at any special meeting of...

§ 81-12-55. Conversion of federal association into association organized under state law - At an annual meeting or at any special meeting of...

§ 81-12-57. Conversion of association organized under state law or of federal association into capital stock association - If the board of directors determines, and the commissioner concurs,...

§ 81-12-59. Conversion of association organized under state law or of federal association into capital stock association; hearing on plan of conversion; notice; costs - With respect to a conversion arising under Section 81-12-57 above,...

§ 81-12-63. Conversion prohibited; exceptions - No conversion of an association or a federal association, direct...

§ 81-12-65. Reorganization, merger and consolidation of associations - Pursuant to a plan adopted by the board of directors...

§ 81-12-75. Membership fees prohibited - An association shall not directly or indirectly charge any membership,...

§ 81-12-79. Call reports - The commissioner shall call upon each association for the reports...

§ 81-12-83. Board of directors to manage business and exercise powers of capital stock association; election of members; term of office; qualifications; oath; vacancies - At each election for directors every shareholder entitled to vote...

§ 81-12-85. Bonding of association's officers, attorneys, employees, agents and directors - Each association shall provide and maintain a fidelity bond covering...

§ 81-12-87. Fiduciary relationship of directors and officers; disclosure of personal interests; restrictions governing conduct; penalty - Directors and officers occupy a fiduciary relationship to the association...

§ 81-12-89. Deposit of association funds; approval by directors - No association shall deposit any of its funds, except with...

§ 81-12-91. Indemnification of director, officer or employee for expenses of action to which he is made a party by reason of his position - Any person may be indemnified or reimbursed by the association...

§ 81-12-93. Management contracts - No association shall make any management contract with any person...

§ 81-12-95. Records; minutes of meetings; business transactions - Every association shall keep at the home office correct and...

§ 81-12-99. Records; maintenance by means of data processing services - An association which determines to maintain any of its records...

§ 81-12-103. Records; overvaluation of assets - The commissioner, after a determination of value made in accordance...

§ 81-12-107. Records; loan and investment - Every association shall maintain complete loan and investment records in...

§ 81-12-109. Records; membership and stockholder - Every association shall maintain membership and stockholder records, which shall...

§ 81-12-111. Records; reproduction by photostatic, photographic or microfilming process - Any association may cause any or all records kept by...

§ 81-12-113. Reserves - Every association shall set up and maintain the reserves required...

§ 81-12-115. Savings liability of association to equal aggregate amount of savings accounts plus earnings; additions to accounts; responsibility of members for losses; assessment of accounts; declaration of earnings; preferences - The savings liability of an association is not limited, but...

§ 81-12-117. Savings accounts - Savings accounts may be opened and held solely and absolutely...

§ 81-12-119. Savings accounts; execution of contract by holder - Each holder of a savings account shall execute a savings...

§ 81-12-121. Savings accounts; evidence of ownership - Evidence of ownership of a savings account shall be issued...

§ 81-12-123. Savings accounts; lost or destroyed account books or certificates - Upon the filing with an association by the holder of...

§ 81-12-125. Savings accounts; inducements to open - The commissioner shall by regulation determine the conditions under which...

§ 81-12-127. Savings accounts; adverse claims to accounts - Notice to any association doing business in this state of...

§ 81-12-129. Savings plans at educational institutions - An association may contract with the proper authorities of any...

§ 81-12-131. Payroll savings plans - An association may contract with any employer with respect to...

§ 81-12-133. Attorneys authorized to make withdrawals; revocation of authority - Any association may continue to recognize the authority of an...

§ 81-12-135. Savings accounts issued to minors or persons under disability; payment of withdrawals; powers of parent or guardian; withdrawals on death of holder - An association and any federal association may issue savings accounts...

§ 81-12-139. Accounts of administrators, executors, guardians, trustees, and other fiduciaries - Any association may accept accounts in the name of any...

§ 81-12-141. Accounts of deceased nonresidents - When an account is held in any association by a...

§ 81-12-143. Payments to successors without administration - Any association may pay to the successor of a deceased...

§ 81-12-145. Accounts payable at death - [Effective from and after January 1, 2020, this section will...

§ 81-12-149. Payment of earnings on savings accounts - An association may pay earnings on its savings accounts from...

§ 81-12-151. Withdrawals by savings account holders - Any savings account holder or other account holder or his...

§ 81-12-153. Redemptions - At any time funds are on hand for the purpose,...

§ 81-12-155. Securities in which associations may invest - Associations shall have power to invest in securities as follows:...

§ 81-12-157. Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability - No association shall invest in any security, other than those...

§ 81-12-159. Loans and other investments in which associations may invest - Every association shall have power to invest in loans and...

§ 81-12-161. Real estate loans to be written on approved loan plans - Real estate loans eligible for investment by an association under...

§ 81-12-163. Borrower's right to select attorney and obtain insurance in connection with loan; rules and regulations governing fire, casualty and title insurance - In connection with a loan, the borrower may be required...

§ 81-12-165. Payment of expenses in connection with closing of loan; borrower to pay only his own attorney's fee; notice of right to select attorney; right of association to require title insurance - Every association may require borrowers to pay all reasonable expenses...

§ 81-12-167. Late payment charges - A late payment charge, not exceeding Five Dollars ($5.00) or...

§ 81-12-169. Reinstatement of loan prior to foreclosure sale - The directors of an association may, at any time before...

§ 81-12-171. Right of association to deal with successor in interest of real estate securing loan - In the case of any investment made by an association...

§ 81-12-173. Right to act to avoid loss - An association, with the approval of the commissioner, may operate...

§ 81-12-176. Branch offices; additional types of offices - No association shall, without authorization by the commissioner, establish a...

§ 81-12-179. Order of discontinuance of violation; enforcement in chancery court - If the commissioner, as a result of any examination or...

§ 81-12-184. Supervisory merger - If it appears to the commissioner that it is in...

§ 81-12-185. Restrictions on appointment of conservator or receiver - No appointment of a conservator shall be confirmed, and no...

§ 81-12-191. Federal associations domiciled in state - Federal savings associations or federal savings and loan associations, domiciled...

§ 81-12-193. Fees - The department shall charge and collect for: Filing articles of...

§ 81-12-195. Offering and sale of savings accounts exempt from securities regulations - The offering and sale of savings accounts of any association...

§ 81-12-197. Acknowledgment or proof of written instrument in which association interested; membership or employee status of public officer taking as affecting validity - No public officer qualified to take acknowledgments or proofs of...

§ 81-12-199. Untrue, false and malicious statements calculated to injure reputation or business of certain savings associations; penalty for making - Whoever willfully and knowingly makes, issues, circulates, transmits or causes...

§ 81-12-201. Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations - From and after July 1, 1977, no person, whether or...

§ 81-12-205. Appeal from final rule, regulation or order of commissioner or board - Any interested person aggrieved by any final rule, regulation or...

§ 81-12-207. Solicitation of deposits by association or its representatives without complying with provisions of chapter; penalty - Where no other criminal penalty is specifically provided in this...

§ 81-12-217. Commissioner to issue supervisory control for association - The order approving the plan shall not take effect until...

§ 81-12-219. Appeal of cease and desist order - Any person or association against whom a cease and desist...

§ 81-12-221. Reimbursement of fines or penalties - No person who is fined or penalized for a violation...

§ 81-12-223. Cumulative fines and penalties - All penalties, fines and remedies provided by this chapter shall...

§ 81-12-225. Credit allowed; discretion of commissioner - In all examinations no association shall be allowed credit in...

§ 81-12-227. Amount of liability to association for loans - The liability to an association by a person, company, corporation...

§ 81-12-229. Commissioner to furnish copy of call reports; fee; failure or refusal; misdemeanor - A copy of the call reports of any association shall...

Chapter 13 - Credit Unions

§ 81-13-1. Organization of credit union; hearing upon denial of license; commencement of corporate existence - When the commissioner has completed the examination and made his...

§ 81-13-4. Insurance of accounts by National Credit Union Administration - No credit union shall accept any deposits unless or until...

§ 81-13-9. Restriction of term "credit union." - The use by any person, corporation, association or copartnership except...

§ 81-13-11. Power - In addition to the general powers authorized for corporations in...

§ 81-13-12. Authorization to operate as federal credit union - Notwithstanding any other law to the contrary, the Commissioner of...

§ 81-13-13. Membership - Membership shall consist of the incorporators and such natural persons...

§ 81-13-15. Supervision by Department of Banking and Consumer Finance; rules and regulations; reports by credit unions - Credit unions shall be subject to the supervision of the...

§ 81-13-17. Examination by Commissioner of Banking and Consumer Finance; powers of Commissioner; fees; acceptance of examination performed by National Credit Union Administration - Each credit union shall be examined at least once per...

§ 81-13-23. Fiscal year - The credit union fiscal year shall end at the close...

§ 81-13-25. Elections - At an annual meeting the members shall elect a board...

§ 81-13-27. Directors, officers; special duty of directors - At the first meeting and at each first meeting in...

§ 81-13-28. Member or employee not to participate in matters in which he or she has pecuniary interest; penalty - A member of the board of directors or a member...

§ 81-13-29. Directors and members of supervisory committees not to receive compensation; compensation of treasurer - No member of the credit or supervisory committee shall receive...

§ 81-13-33. Supervisory committee; suspension of directors, committee members or officers; review of credit union practices; audit and report - The supervisory committee shall, at frequent intervals, inspect the securities,...

§ 81-13-35. Capital - The capital of a credit union shall consist of the...

§ 81-13-37. Shares and deposits of minors and in trust - Shares may be issued and deposits received in the name...

§ 81-13-39. Authority to lend or invest funds; interest rates - A credit union may lend to its members at reasonable...

§ 81-13-41. Power to borrow - A credit union shall have the power to borrow from...

§ 81-13-45. When borrower may repay loan - A borrower may repay the whole or any part of...

§ 81-13-51. Portion of net income set apart at close of fiscal year for reserve fund - Immediately before the payment of each dividend, and in no...

§ 81-13-53. Dividends - The board of directors of a credit union may declare...

§ 81-13-55. Expulsion of members - At any duly held meeting the board of directors, by...

§ 81-13-57. Refunds to expelled or withdrawing members - All amounts paid in on shares of an expelled or...

§ 81-13-58. Deposit in name of two or more persons; payments to successors of deceased depositors without administration - When a deposit has been made or is hereafter made...

§ 81-13-59. Voluntary dissolution - At any meeting, called for the purpose, notice of the...

§ 81-13-61. Change of place of business - A credit union may change its place of business upon...

§ 81-13-63. Taxation - The credit unions organized hereunder, their property, their franchises, capital,...

§ 81-13-71. Penal laws applicable - The making of a wilfully false affidavit to any statement,...

§ 81-13-73. Record keeping - Each credit union shall keep sufficient books and accounts in...

§ 81-13-75. Conflicting laws repealed - All laws or parts of laws which otherwise would be...

Chapter 14 - Savings Bank Law

Article 1 - General Provisions

§ 81-14-1. Short title - This chapter shall be known and may be cited as...

§ 81-14-3. Purpose - The purpose of this chapter is: To provide for affordable...

§ 81-14-5. Applicability of chapter - The provisions of this chapter, unless the context otherwise specifies,...

§ 81-14-7. Definitions and application of terms - As used in this chapter, unless the context otherwise requires,...

Article 2 - Incorporation and Organization

§ 81-14-51. Hearings - Any hearing required to be held by this chapter shall...

§ 81-14-53. Application of chapter on business corporations - All the provisions of law relating to private corporations operating...

§ 81-14-61. Commissioner to consider application - Upon receipt of an application to organize and establish a...

§ 81-14-69. Appeal - The final decision of the board may be appealed by...

§ 81-14-71. Insurance of accounts required - All state savings banks must obtain and maintain insurance on...

§ 81-14-73. Status as IRS qualified thrift institution - All state savings banks must qualify for and maintain eligibility...

§ 81-14-75. Time allowed to commence business - A newly chartered savings bank shall commence business within one...

§ 81-14-77. Licensing - A newly chartered savings bank shall be entitled to a...

§ 81-14-79. Amendments to certificate of incorporation - Any amendment to the certificate of incorporation of a state...

§ 81-14-81. List of stockholders to be maintained - Every stock savings bank organized and operated under the provisions...

§ 81-14-85. Request to change location of branch or principal office - The board of directors of a state savings bank may...

§ 81-14-87. Approval revoked; branch office - The commissioner may, for good cause and after a hearing,...

§ 81-14-89. Branch offices closed - No branch office in this state may be discontinued or...

§ 81-14-91. Loan production office - A state savings bank may open or close a loan...

Article 3 - Corporate Changes

§ 81-14-101. Conversion to savings bank - Any state or federal thrift institution or state or national...

§ 81-14-103. Conversion from state to federal charter - Any state savings bank, stock or mutual, organized and operated...

§ 81-14-107. Conversion of mutual to stock savings bank - If the commissioner approves the plan, then the plan shall...

§ 81-14-109. Conversion of stock savings bank to mutual savings bank - Any stock savings bank organized and operating under the provisions...

§ 81-14-111. Merger of like savings banks - Any two (2) or more mutual savings banks, or any...

§ 81-14-121. Voluntary dissolution by stockholders or members - At any annual or special meeting called for such purpose,...

§ 81-14-125. Stock dividends - No savings bank shall declare or pay any dividend upon...

Article 4 - Supervision

§ 81-14-151. Supervision - The commissioner is empowered and directed to perform the duties...

§ 81-14-169. Statement filed by savings bank; publishing requirement - The commissioner shall call upon each state savings bank for...

§ 81-14-171. Annual audit requirement - The commissioner shall require that every state savings bank have...

§ 81-14-173. Prohibited practices - Any person who shall engage in any of the following...

§ 81-14-175. Appeal from final rule, regulation or order of commissioner or board - Unless otherwise provided in this chapter, any interested person aggrieved...

§ 81-14-177. Credit allowed for savings banks; commissioner discretion - In all examinations no savings bank shall be allowed credit...

§ 81-14-179. Commissioner to provide copy of call reports; failure or refusal; misdemeanor - A copy of the call reports of any savings bank...

Article 5 - Enforcement

§ 81-14-207. Supervisory control - The order approving the plan shall not take effect until...

§ 81-14-213. Judicial review - Any person or state savings bank against whom a cease...

§ 81-14-215. Indemnity - No person who is fined or penalized for a violation...

§ 81-14-217. Cumulative penalties - All penalties, fines and remedies provided by this article shall...

§ 81-14-219. Emergency limitations - The commissioner, with the approval of the Governor, may impose...

Article 6 - Corporate Administration

§ 81-14-251. Membership of a mutual institution - The membership of a mutual state savings bank shall consist...

§ 81-14-257. Amendments to charter of incorporation and bylaws - Any amendments to the charter of incorporation or bylaws of...

§ 81-14-259. Voting rights - Voting rights in the affairs of a state savings bank...

§ 81-14-263. Special meetings; notice required - Special meetings of members or stockholders of a savings bank...

§ 81-14-265. Quorum - Unless otherwise provided in the savings bank's charter or bylaws,...

Article 7 - Loans and Investments

§ 81-14-301. Investment in loans - Subject to the regulations of the commissioner, a savings bank...

§ 81-14-303. Other investments - If the board of directors determines at any time that...

§ 81-14-305. Prohibited security - No savings bank, or subsidiary thereof, may accept its own...

§ 81-14-311. Methods of loan repayment - Subject to such rules and regulations as the commissioner may...

§ 81-14-313. Insider loans - Loans aggregating fifteen percent (15%) of the unimpaired capital and...

§ 81-14-315. Rule-making power of commissioner - The commissioner shall, from time to time, promulgate such rules...

§ 81-14-317. Nonconforming loans and investments - Unless otherwise provided, every loan or other investment made in...

§ 81-14-319. Limitation on loans to one (1) borrower - The liability to a savings bank by a person, company,...

§ 81-14-321. General parity provision - State savings banks shall have and possess the rights, powers,...

Article 8 - Operations

§ 81-14-351. Generally accepted accounting principles - Savings banks shall maintain their books and records in accordance...

§ 81-14-353. Liquidity - Savings banks shall maintain cash and readily marketable investments in...

§ 81-14-355. Net worth maintenance requirement - Each savings bank shall maintain an adequate net worth appropriate...

§ 81-14-361. Accounts of administrators, executors, guardians, trustees and other fiduciaries - Any savings bank may accept accounts in the name of...

§ 81-14-363. Accounts payable at death - [Effective from and after January 1, 2020, this section will...

§ 81-14-365. Collection of processing fee for returned checks - Notwithstanding any other provision of law, a processing fee may...

§ 81-14-369. Savings accounts issued to minors or persons under disability; payment of withdrawals; powers of parent or guardian; withdrawals on death of holder - A savings bank and any federal savings bank may issue...

§ 81-14-371. Deposit accounts as deposit of securities - Notwithstanding any restrictions or limitations contained in any law of...

§ 81-14-373. New account books - Upon the filing with a savings bank by the holder...

§ 81-14-375. Transfer of deposit accounts - The owner of a deposit account may transfer his rights...

§ 81-14-377. Authority of power of attorney - A savings bank may continue to recognize the authority of...

§ 81-14-379. Adverse claims to accounts - Notice to any savings bank doing business in this state...

§ 81-14-381. Accounts of deceased nonresidents - When an account is held in any savings bank by...

§ 81-14-383. Payments to successors without administration - Any savings bank may pay to the successor of a...

§ 81-14-387. Power to borrow money - A savings bank may borrow up to twenty-five percent (25%)...

§ 81-14-389. Authority to join federal reserve bank - Any state savings bank shall have the power to subscribe...

Article 9 - Holding Companies -

Chapter 15 - Mississippi Rural Credit Law

§ 81-15-1. Title - This chapter shall be known as the "Mississippi Rural Credit...

§ 81-15-3. Purpose - The purpose of this chapter is to promote the welfare...

§ 81-15-5. Definition of term - The word "organization" as used herein shall be construed to...

§ 81-15-7. Number of incorporators required; general provisions - Five or more natural persons may unite to form an...

§ 81-15-9. Articles and bylaws subscribed to - Those desiring to organize hereunder shall subscribe to, and duly...

§ 81-15-11. Amendment of bylaws - The bylaws of any organization formed hereunder may be amended...

§ 81-15-13. Organizations may discount or sell paper to Federal Intermediate Credit Bank - Agricultural credit corporations and agricultural credit cooperative associations organized hereunder...

§ 81-15-15. Organizations may borrow money from Federal Intermediate Credit Bank - Any agricultural credit cooperative association organized hereunder shall have power,...

§ 81-15-17. Discount of note or other obligation to be approved; when interest above eight percent permitted - No organization hereby authorized shall, without the approval of the...

§ 81-15-19. Limit of capital stock to be used for certain purposes - No organization provided for herein shall have power to use...

§ 81-15-21. Officers, directors and stockholders not to be liable - No officer, director, nor stockholder of any organization doing business...

§ 81-15-23. Powers of corporation - Organizations provided for hereunder shall have all the usual powers...

§ 81-15-25. May provide warehouses - Any organization herein provided for may acquire, purchase, own, or...

§ 81-15-27. May contract with warehouse - Any organization herein provided for shall have power to contract...

§ 81-15-29. Money loaned exempt - All money loaned by any organization provided for herein shall...

§ 81-15-31. Amount of capital stock necessary for certain powers - Any corporation, or cooperative association, organized under the laws of...

Chapter 17 - Farmers' Credit Associations

§ 81-17-1. Title - This chapter may be known and referred to as the...

§ 81-17-3. Declaration of policy - It is the purpose of this chapter to promote, encourage...

§ 81-17-5. Definitions - The terms used in this chapter, in addition to their...

§ 81-17-7. Who may organize - Ten or more persons, a majority of whom are residents...

§ 81-17-9. Purposes - An association may be organized hereunder to engage in any...

§ 81-17-11. Powers - Each association incorporated under this chapter, in addition to the...

§ 81-17-15. Articles of association - Each association formed under this chapter must prepare and file...

§ 81-17-17. Amendments to articles of association - Any amendment to the articles of association must first be...

§ 81-17-19. Organization - The charter to organize any association under this chapter may...

§ 81-17-21. Bylaws - Said associations may make and adopt any and all bylaws,...

§ 81-17-23. Surplus and sinking funds invested - The associations shall have power to invest and reinvest the...

§ 81-17-25. Tax exemption - So long as said associations shall be kept mutual, and...

Chapter 18 - Mississippi S.A.F.E. Mortgage Act

In General

§ 81-18-1. Short title - This chapter shall be known and cited as the "Mississippi...

§ 81-18-3. Definitions - For purposes of this chapter, the following terms shall have...

§ 81-18-5. Exemptions - The following are exempt from the provisions of this chapter:...

§ 81-18-8. Enactment of local ordinances and regulations in compliance with this chapter authorized - Municipalities and counties in this state may enact ordinances that...

§ 81-18-25. Requirements for principal place of business and branch offices - Nothing in this subsection (2) shall affect or change, or...

§ 81-18-29. Promulgation of rules and regulations - The commissioner shall promulgate those rules and regulations, not inconsistent...

§ 81-18-31. Regulations governing advertising of mortgage loans - The department shall promulgate regulations governing the advertising of mortgage...

§ 81-18-33. Required contents of individual borrower files and individual servicer files - Mississippi Department of Banking and Consumer Finance P.O. Drawer 12129...

§ 81-18-41. Continuation of loan servicing under existing servicing contracts by suspended licensee - Nothing in this chapter shall preclude a person whose license...

§ 81-18-45. Commissioner authorized to hire additional full-time employees - The commissioner may employ the necessary full-time employees above the...

§ 81-18-49. Grandfather provisions - Notwithstanding any provisions of this chapter to the contrary, mortgage...

§ 81-18-51. Repeal of §§ 81-18-1 through 81-18-63 - Sections 81-18-1 through 81-18-63 shall stand repealed on July 1,...

§ 81-18-53. Applicability of chapter - The provisions of this chapter shall apply to the activities...

Nationwide Licensing System -

Chapter 19 - Consumer Loan Broker Act

§ 81-19-1. Short title - This chapter shall be known and may be cited as...

§ 81-19-3. Definitions - As used in this chapter: "Advance fee" means any consideration...

§ 81-19-5. License requirement; penalty for violation - No person shall engage in the business of being a...

§ 81-19-7. Exclusions from chapter coverage - Except as otherwise provided in this section, this chapter does...

§ 81-19-9. License application; fee; surety requirement - The surety on the bond may cancel same by giving...

§ 81-19-11. Investigation of applicant; issuance or denial of license; time limit for acting on applications - The commissioner shall investigate the financial soundness, experience, character, reputation...

§ 81-19-13. Separate licenses required for each location; movement of licensed location; surrender of license - No more than one (1) place of business may be...

§ 81-19-15. Renewal of license; penalty for failure to pay fee - Applications for renewal of a license shall be submitted, along...

§ 81-19-18. Commissioner authorized to examine persons suspected of conducting business requiring a license - The commissioner, or his duly authorized representative, for the purpose...

§ 81-19-19. Deposit of funds collected into Consumer Finance Fund - All funds coming into the possession of the commissioner as...

§ 81-19-21. Contracts to be written; enumeration of charges - A licensee may not enter into an agreement to find...

§ 81-19-31. Service charge not to be construed as finance charge or interest - Notwithstanding any provision of law to the contrary and specifically...

§ 81-19-33. Effect of failure to comply with chapter on underlying transaction - The failure of a licensed consumer loan broker to comply...

§ 81-19-35. Right to hearing upon denial or revocation of license; notice; appeal; review - When any license application is denied or any active license...

Chapter 21 - Insurance Premium Finance Companies

§ 81-21-1. Definitions - The following words and phrases shall have the meanings ascribed...

§ 81-21-3. License requirement; fees; deposit of fee revenues in Consumer Finance Fund; license application form; promulgation of rules and regulations - All fees, license tax and penalties provided for in this...

§ 81-21-10. Commissioner authorized to examine persons suspected of conducting business requiring a license - The commissioner, or his duly authorized representative, for the purpose...

§ 81-21-13. Premium finance agreement; contents - A premium finance agreement shall: Be dated and signed by...

§ 81-21-23. Filing of agreement unnecessary to perfect interest - No filing of the premium finance agreement shall be necessary...

§ 81-21-25. Deposit of revenues in Consumer Finance Fund - All revenues collected by or paid to the commissioner under...

§ 81-21-27. Exclusions from coverage of chapter - This chapter shall not apply to: The financing of insurance...

Chapter 22 - Mississippi Debt Management Services Act

§ 81-22-1. Short title - This chapter may be known and cited as the "Mississippi...

§ 81-22-3. Definitions - As used in this chapter, unless the context otherwise indicates,...

§ 81-22-7. Bond required - To be eligible for a license, an applicant shall file...

§ 81-22-11. Requirement for written agreement - NOTICE TO CONSUMER: Do not sign this agreement before you...

§ 81-22-13. Fees charged to the consumer - A debt service management provider may only charge a consumer...

§ 81-22-17. Powers and functions of commissioner - The commissioner may exercise the following powers and functions: Complaint...

§ 81-22-19. Prohibited acts - A debt management service provider may not: Purchase debt.Purchase any...

§ 81-22-27. Commissioner authorized to hire additional full-time employees - The commissioner may employ the necessary full-time employees above the...

§ 81-22-31. Repeal of Sections 81-22-1 through 81-22-28 - Sections 81-22-1 through 81-22-28, Mississippi Code of 1972, shall stand...

Chapter 23 - Interstate Bank Branching

§ 81-23-1. Short title - This chapter shall be known and may be cited as...

§ 81-23-3. Intent - It is the intent of this chapter to permit interstate...

§ 81-23-5. Definitions - As used in this chapter, unless a different meaning is...

§ 81-23-11. Filing of application; criteria for approval - Not later than the date on which the required application...

§ 81-23-13. Requirements for out-of-state state banks - Any out-of-state state bank that will be the resulting bank...

§ 81-23-19. Violation by out-of-state state bank; authority of commissioner to take enforcement action - If the commissioner determines that a branch maintained by an...

§ 81-23-21. Power of commissioner to promulgate regulations - The commissioner may promulgate such regulations as he or she...

§ 81-23-23. Change in control requirement for out-of-state state banks - Each out-of-state state bank that has established and maintains a...

§ 81-23-25. Application in case of judicial finding of invalidity - If any provision of this chapter or the application of...

Chapter 25 - The Mississippi International Banking Act

Article 1 - General

§ 81-25-3. Definitions - For purposes of this chapter: "Bank" or "insured depository institution"...

§ 81-25-5. Authority of commissioner to issue rules, regulations and orders - The commissioner is authorized and empowered to issue such rules,...

§ 81-25-7. Application in case of judicial finding of invalidity - If any provision of this chapter or the application of...

Article 3 - Domestic Banks Owned or Controlled by Foreign Banks and Other Foreign Persons

§ 81-25-51. Intention - This article is generally intended to ensure that the laws...

Article 5 - Direct Offices of Foreign Banks

§ 81-25-101. Intention - Consistent with the federal International Banking Act, the Bank Holding...

§ 81-25-105. Application to procure a license - A foreign bank, in order to procure a license under...

§ 81-25-109. Application fee - Upon applying to the commissioner under this chapter for a...

§ 81-25-125. Permissible activities - Any other activity which the foreign bank seeks to conduct...

§ 81-25-127. Revocation of license - The commissioner, after notice and opportunity for a hearing, may...

§ 81-25-129. Posting of license - Each foreign bank which is licensed to establish and maintain...

§ 81-25-131. License transfer restriction - No license issued by the commissioner in accordance with this...

§ 81-25-137. Filing of amendments to articles of incorporation - A foreign bank which is licensed to maintain a Mississippi...

§ 81-25-141. Notice of acquisition or merger - A foreign bank which is licensed to establish and maintain...

§ 81-25-151. All reports subject to subpoena and public access - All reports of examinations and investigations, correspondence and memoranda concerning...

§ 81-25-153. Records to be kept and made available upon request by commissioner - Each foreign bank which is licensed to establish and maintain...

§ 81-25-157. Requirement to give notice that deposits and credit balances are not insured by the Federal Deposit Insurance Corporation - Each foreign bank which is licensed to establish and maintain...

§ 81-25-159. Limitations - A foreign bank which is licensed to establish and maintain...

§ 81-25-163. Ratio of assets to liabilities - 1. The financial condition of its branches and agencies located...

§ 81-25-167. Suspension or revocation of license - If, after notice and a hearing, the commissioner finds any...

§ 81-25-169. Authority of of commissioner to suspend or revoke license - If the commissioner finds that any of the factors set...

Article 7 - Mississippi Branches of Out-of-State Foreign Banks

§ 81-25-201. Intention - This article is intended generally to ensure that interstate state...

Chapter 27 - Multistate, State and Limited Liability Trust Institutions

Article 1 - General Provisions; Trust Institution Authorized Activities

General

§ 81-27-1.001. Title and purposes - Articles 1 and 2 of this chapter may be cited...

§ 81-27-1.002. Certain Definitions - In Articles 1 and 2 of this chapter: Accept or...

§ 81-27-1.003. Regulations - The commissioner may promulgate such rules and regulations as he...

§ 81-27-1.004. Severability - If any provision of this chapter or the application of...

Companies Authorized to Act as a Fiduciary

§ 81-27-1.101. Companies authorized to act as a fiduciary - No company shall act as a fiduciary in this state...

§ 81-27-1.102. Activities not requiring a charter, etc. - Notwithstanding any other provision of this chapter, a company does...

§ 81-27-1.103. Trust business of state trust institution - A state trust institution may act as a fiduciary or...

§ 81-27-1.104. Trust business of out-of-state trust institution - An out-of-state trust institution which establishes or maintains one or...

§ 81-27-1.105. Name of trust institution - A state trust company or out-of-state trust institution may register...

Article 2 - Trust Institution Offices

State Trust Institution Offices

§ 81-27-2.001. Trust business - A state trust company or a state bank may: Perform...

§ 81-27-2.002. Branches and offices of state trust institutions - A state trust institution may act as a fiduciary and...

§ 81-27-2.003. State trust company principal office - Each state trust company must have and continuously maintain a...

§ 81-27-2.004. Trust office; representative trust office - A state trust institution may establish or acquire and maintain...

§ 81-27-2.005. Out-of-state offices - A state bank, a state trust company or a savings...

Out-of-State Trust Institution Trust Office

§ 81-27-2.101. Trust business at a branch or trust office - An out-of-state trust institution may act as a fiduciary in...

§ 81-27-2.102. Establishing an interstate trust office - An out-of-state trust institution that does not operate a trust...

§ 81-27-2.103. Acquiring an interstate trust office - An out-of-state trust institution that does not operate a trust...

§ 81-27-2.104. Requirement of notice - An out-of-state trust institution desiring to establish and maintain a...

§ 81-27-2.105. Conditions for approval - No trust office of an out-of-state trust institution may be...

§ 81-27-2.106. Additional trust offices - An out-of-state trust institution that maintains a trust office in...

Out-of-State Trust Institution Representative Trust Office

§ 81-27-2.201. Representative trust office business - An out-of-state trust institution may not act as a fiduciary,...

§ 81-27-2.202. Registration of representative trust office - An out-of-state trust institution may establish or acquire and maintain...

Supervision of Out-of-State Trust Institution

§ 81-27-2.301. Examinations; periodic reports; cooperative agreements; assessment of fees - To the extent consistent with subsection (c) of this section,...

§ 81-27-2.302. Enforcement - After notice and opportunity for hearing, The commissioner may determine:...

§ 81-27-2.303. Notice of subsequent merger, closing, etc. - Each out-of-state trust institution that maintains an office in this...

Article 3 - Trusts and Fiduciaries

General

§ 81-27-3.001. Title and purposes - Articles 3, 4 and 5 of this chapter may be...

§ 81-27-3.002. Definitions - Definitions contained in Sections 81-27-1.002 and 81-27-6.001 shall apply to...

Designation of Trustee and Governing Law

§ 81-27-3.101. Designation of trustee - Any person residing in this state may designate any trust...

§ 81-27-3.102. Choice of law governing trusts - Any trust institution that maintains a trust office or representative...

§ 81-27-3.103. Choice of law governing fiduciary investments - Any trust institution that maintains a trust office or representative...

Delegation; Affiliates

§ 81-27-3.201. Delegation and fiduciary responsibility - Any person acting as a trustee or as any other...

§ 81-27-3.202. Affiliates - Any person acting as a trustee or in any other...

Fees

<< Previous

Next >>

Mississippi Code Title 81 - Banks and Financial Institutions

Mississippi Code
Title 81 - Banks and Financial Institutions