Mississippi Code — 81
Browse 774 sections in division 81 of the Mississippi code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 81-1-1-81-1-53. Repealed.
- § 81-1-54. Repealed.
- § 81-1-55. Repealed.
- § 81-1-57. Definitions.
- § 81-1-59. Department of banking and consumer finance.
- § 81-1-61. Commissioner of Banking and Consumer Finance; qualifications; term of office; vacancies.
- § 81-1-63. Deputy commissioner; duties; qualifications; dismissal.
- § 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.
- § 81-1-67. Oath of office and bond.
- § 81-1-69. Salaries of commissioner and deputy commissioner.
- § 81-1-71. Reimbursement of travel expenses; annual audit.
- § 81-1-73. Seal of Department of Banking and Consumer Finance; sealed documents to be used in evidence; certified copies.
- § 81-1-75. Furniture, fixtures, equipment and department expenses.
- § 81-1-77. Borrowing money from or indorsing notes to state banks by officers or employees of department prohibited; penalties.
- § 81-1-79. Attorney general as legal adviser; special counsel.
- § 81-1-81. Examination of banks [Subsection (2) repealed effective July 1, 2022].
- § 81-1-83. Powers and duties of officer making examination.
- § 81-1-85. Witnesses’ attendance may be compelled; penalty for false statements.
- § 81-1-87. Testimony to be taken by stenographer; compensation of stenographer.
- § 81-1-89. Records of proceedings; commissioner authorized to disclose certain information to and establish information sharing and exchange program with any government regulatory counterpart to the department.
- § 81-1-91. Past due paper; certain items to be charged off.
- § 81-1-93. Special examinations and special services; cost and expenses.
- § 81-1-95. New statement may be ordered after finding of material changes or errors.
- § 81-1-97. Call reports by banks; attestation.
- § 81-1-99. Copy of call reports to be furnished on request; fee; penalties relating to issuance of reports and fees therefor.
- § 81-1-100. Public availability of certain sections of federal evaluations of banks.
- § 81-1-101. False statement of bank official; penalty.
- § 81-1-103. Investigation of proposed federal cease and desist, suspension or removal orders to state chartered banks.
- § 81-1-105. Injunction against commissioner by bank.
- § 81-1-107. Assessment against banks for maintenance fund.
- § 81-1-109. Disbursements from department maintenance fund.
- § 81-1-111. Forms and record books to be supplied.
- § 81-1-113. Annual report to legislature.
- § 81-1-115. Fees for filing documents and issuing certificates.
- § 81-1-117. Transfer of functions.
- § 81-1-119. Notice of charges; temporary cease and desist order.
- § 81-1-121. Bank violation; civil penalty.
- § 81-1-123. Director, officer or employee violation; civil penalty.
- § 81-1-125. Commissioner to issue orders for supervisory control with regard to banks.
- § 81-1-127. Commissioner to issue notice of charges to employee who has participated in any violation.
- § 81-1-129. Appeal of cease and desist order.
- § 81-1-131. Fines and penalties; reimbursement.
- § 81-1-133. Cumulative penalties, fines and remedies.
- § 81-1-135. Consumer industry licensees required to participate in multistate licensing system.
- § 81-1-137. Financial literacy programs for the public.
- § 81-3-1. Definition of words “bank,” “corporation,” “eligible bank,” as used in title.
- § 81-3-3. Use of words “bank,” “banking,” “bankers,” “trust company,” etc.; supervision and assessment of banks.
- § 81-3-5. Incorporation of banks.
- § 81-3-7. Articles of incorporation.
- § 81-3-9. Number of directors; payment for capital stock; increases in authorized but unissued capital stock.
- § 81-3-11. Capital stock and surplus required.
- § 81-3-12. State board of banking review; members; appointment; compensation; ineligibility to consider certain matters; meetings and hearings.
- § 81-3-13. Certificate to incorporate and organize.
- § 81-3-14. Repealed.
- § 81-3-15. Renewals and amendments of charters.
- § 81-3-17. Ownership by holding company.
- § 81-5-1. General regulations.
- § 81-5-2. Private corporation laws; application to state banks.
- § 81-5-3. Bank not to permit use of its name.
- § 81-5-5. Local and regional banks for farm loans authorized.
- § 81-5-7. Preservation of old records.
- § 81-5-9. Banks shall become members of the Federal Deposit Insurance Corporation.
- § 81-5-11. State banks may become members of Federal Reserve Bank.
- § 81-5-13. Federal Reserve Act requirements must be observed.
- § 81-5-15. Officers and employees of banks to furnish fidelity bond; insurance.
- § 81-5-17. Bank stock; transfer and use as collateral.
- § 81-5-19. Stock; record of transfer of to be kept.
- § 81-5-21. Stock of other banks not to be owned.
- § 81-5-23. Preferred stock; issuance authorized.
- § 81-5-25. Investments in stock of small business investment companies.
- § 81-5-27. Liability of stockholders.
- § 81-5-28. Bank holding companies; definitions; control of banks.
- § 81-5-29. Corporations may be formed to purchase, hold and own bank assets.
- § 81-5-31. Voting trusts prohibited.
- § 81-5-33. Powers in regard to trusts.
- § 81-5-34. Accounts of administrators, executors, guardians, trustees, and other fiduciaries.
- § 81-5-35. State and national banks acting in fiduciary capacity not required to file bond; exception.
- § 81-5-37. Uniform Common Trust Fund Law.
- § 81-5-39. Banks may register securities held in fiduciary capacity in name of bank’s nominee.
- § 81-5-40. Repealed.
- § 81-5-41. Foreign investors may engage in certain activities without qualifying.
- § 81-5-43. Out-of-state banking and trust associations and corporations may act as executors, administrators, trustees and guardians.
- § 81-5-45. Qualification and oath of directors; meetings; executive and auditing committee.
- § 81-5-47. Directors may contract to sell stock while continuing to serve.
- § 81-5-49. Interlocking directorates prohibited.
- § 81-5-51. Loans to directors and executive officers.
- § 81-5-53. Limitation of liability when dealing with agents, trustees, etc.
- § 81-5-55. Name of depositors not to be disclosed.
- § 81-5-56. Month and year checking account opened to be printed on face of checks.
- § 81-5-57. Excess deposits; limit and penalty.
- § 81-5-59. Deposit of minors.
- § 81-5-61. Safe deposit boxes; leasing to minors.
- § 81-5-62. Accounts payable at death.
- § 81-5-63. Deposit in name of two or more persons; payments to successors of deceased depositors without administration; “successor” defined.
- § 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 institutions.
- § 81-5-65. Accounts of deceased depositors to be reported; publicity of same.
- § 81-5-67. Settlement of adverse claims to deposits.
- § 81-5-69. Repealed.
- § 81-5-71. Certifying checks.
- § 81-5-73. Repealed.
- § 81-5-75. Authorization for payment of dividend.
- § 81-5-77. Limit of loans and extensions of credit to single borrower.
- § 81-5-79. Small loans.
- § 81-5-81. Effect of third-party deposits to induce making of unsound loans.
- § 81-5-83. Limit of borrowing power of banks.
- § 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.
- § 81-5-87. Holding of real estate by bank.
- § 81-5-89. Limitations upon acceptances.
- § 81-5-91. Repealed.
- § 81-5-93. Clearinghouse associations authorized.
- § 81-5-95. Powers of clearinghouse associations.
- § 81-5-97. Banking hours.
- § 81-5-98. Drive-in teller windows and branch offices considered to be branch banks.
- § 81-5-99. Repealed.
- § 81-5-100. Establishment of electronic banking terminals.
- § 81-5-101. Dissolution of solvent banks.
- § 81-5-103. General penalty.
- § 81-5-105. Standard of care for bank directors established.
- § 81-5-151. Definitions.
- § 81-5-153. Discovery and admissibility in evidence of self-evaluation reports of depository financial institutions; divulgence or dissemination of information in reports; exemption from Public Records Act.
- § 81-7-1. Application and procedure for establishment of branch banks; appeal; judicial review.
- § 81-7-3. How branch banks to be named.
- § 81-7-5. Repealed.
- § 81-7-7. Establishment of branch banks de novo or by merger or consolidation.
- § 81-7-8. Restrictions upon establishment of branch banks.
- § 81-7-9. Capital requirements for branch banking system.
- § 81-7-11. Issues of stock for annexation of branches.
- § 81-7-13. Discontinuance and removal of branch banks.
- § 81-7-15. Examination of branch banks.
- § 81-7-17. National banks may establish branches.
- § 81-7-19. Operation of multibank holding companies permitted; definitions; restrictions; divestment; enforcement.
- § 81-7-21. Certain branches not affected.
- § 81-7-23. Application of chapter.
- § 81-8-1. Definitions.
- § 81-8-3. Acquisition of Mississippi bank or bank holding company by out-of-state bank holding company; approval by commissioner.
- § 81-8-5. Repealed.
- § 81-8-7. Applicability of state laws and rules and regulations of state agencies.
- § 81-8-9. Cooperative agreements between department and other bank regulatory agencies.
- § 81-8-11. Construction of chapter.
- § 81-9-1. Capital stock impaired; how restored.
- § 81-9-3. Transfers by banks and other acts in contemplation of insolvency.
- § 81-9-5. Closing insolvent banks.
- § 81-9-7. Examiner to be placed in charge.
- § 81-9-9. Conservation of assets; title.
- § 81-9-11. Sale of assets of insolvent bank.
- § 81-9-13. Reopening banks under “freezing of deposits” agreements.
- § 81-9-15. Limitation on custodial period; approval of acts involving discretion or judgment.
- § 81-9-17. Receiver to be appointed.
- § 81-9-19. Surrender of assets to receiver; reports.
- § 81-9-21. Bond of receiver.
- § 81-9-23. Duties of receiver.
- § 81-9-25. Receivers empowered to borrow money.
- § 81-9-27. Receivers may sell assets of insolvent banks.
- § 81-9-29. Liquidation; separate assets for creditors; corporate stock.
- § 81-9-31. Proof of claims.
- § 81-9-33. Inventory and books by the receiver.
- § 81-9-35. Dividends by receiver.
- § 81-9-37. Reports by receiver; petition for discharge.
- § 81-9-39. Compensation and expenses of receiver and attorney.
- § 81-9-41. Liquidation of solvent bank.
- § 81-9-43. Procedure to obtain depositors’ liquidation.
- § 81-9-45. Petition and decree thereon.
- § 81-9-47. Effect of decree.
- § 81-9-49. General powers of liquidating corporation.
- § 81-9-51. Double liability of certain stockholders released.
- § 81-9-53. Bond of directors; compensation.
- § 81-9-55. Vacancies and removal of directors.
- § 81-9-57. Officers of the corporation.
- § 81-9-59. Compensation of liquidator and other employees.
- § 81-9-61. Exercise of discretion without approval of court.
- § 81-9-63. Sale of assets to going bank.
- § 81-9-65. Corporation and directors may be restrained.
- § 81-9-67. Liquidating corporations may apply to court for directions.
- § 81-9-69. Records and inspection thereof.
- § 81-9-71. Final report and dissolution of the corporation.
- § 81-9-73. When Federal Deposit Insurance Corporation or any similar corporation to be appointed receiver.
- § 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.
- § 81-11-1-81-11-89. Repealed.
- § 81-11-91-81-11-95. Repealed.
- § 81-12-1. Citation of chapter.
- § 81-12-3. Definitions.
- § 81-12-4. Private corporation laws; application to savings and loan associations.
- § 81-12-5. Repealed.
- § 81-12-6. Department of Savings Institutions and Savings Institution Board abolished; transfer of powers, duties, etc. to other agencies.
- § 81-12-7. Rights, powers, privileges and duties of board.
- § 81-12-9. Determinations of commissioner final; judicial review.
- § 81-12-11. Duties of department.
- § 81-12-17. Interests in savings institutions prohibited; confidentiality of information.
- § 81-12-19. Repealed.
- § 81-12-21. Transfer of books and records; continuation of actions.
- § 81-12-23. Commissioner; supervisory and enforcement powers; approvals, orders and instructions.
- § 81-12-24. Removal of officers and directors.
- § 81-12-25. Incorporation; petition; fee; articles; bylaws; exhibits.
- § 81-12-27. Incorporation; examination and investigation of petition.
- § 81-12-29. Incorporation; notice of petition; filing notice of opposition; hearing.
- § 81-12-31. Incorporation; meeting of board to consider petition; cross-examination of and compelling attendance of witnesses; disposition of petition.
- § 81-12-33. Incorporation; proceedings upon approval of incorporation; commencement of corporate existence.
- § 81-12-35. Organization of mutual association; subscription by incorporators; bond; expense fund; organization meeting.
- § 81-12-37. Capital stock association; minimum required capital; paid-in surplus; determining and maintaining adequate net worth.
- § 81-12-39. Capital stock association; statement of compliance; issuance of certificate of authorization; organization meeting.
- § 81-12-41. Name of association; enjoining violations; penalty.
- § 81-12-43. Change of name or location of home office; hearing.
- § 81-12-45. Forfeiture of corporate existence; new corporations; extension of time within which to commence business.
- § 81-12-47. Insurance accounts; liquidation of noncomplying existing associations; false representation as to insurance; penalty; injunction.
- § 81-12-49. Powers of associations.
- § 81-12-51. Additional powers of capital stock associations.
- § 81-12-53. Conversion of association organized under state law into federal association.
- § 81-12-55. Conversion of federal association into association organized under state law.
- § 81-12-57. Conversion of association organized under state law or of federal association into capital stock association.
- § 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.
- § 81-12-61. Conversion of capital stock association organized under state law into federal association.
- § 81-12-63. Conversion prohibited; exceptions.
- § 81-12-65. Reorganization, merger and consolidation of associations.
- § 81-12-66. Ownership by holding company.
- § 81-12-67. Acquisition of controlling interest in capital stock association; certificate of approval; definitions; restrictions on ownership or control; reports; examinations.
- § 81-12-69. Termination of association; liquidation of assets; surrender of charter.
- § 81-12-71. Annual meeting of members of association; voting; quorum.
- § 81-12-73. Annual meeting of stockholders of capital stock associations; notice; voting; quorum.
- § 81-12-75. Membership fees prohibited.
- § 81-12-77. Inspection of books and records of association; confidential nature of certain books and records; access by members; procedure for members to communicate with other members with reference to questions to be presented at annual meeting.
- § 81-12-79. Call reports.
- § 81-12-81. Board of directors to direct business of association; number and qualifications of members; oath; procedure for filling vacancies.
- § 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.
- § 81-12-85. Bonding of association’s officers, attorneys, employees, agents and directors.
- § 81-12-87. Fiduciary relationship of directors and officers; disclosure of personal interests; restrictions governing conduct; penalty.
- § 81-12-89. Deposit of association funds; approval by directors.
- § 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.
- § 81-12-93. Management contracts.
- § 81-12-95. Records; minutes of meetings; business transactions.
- § 81-12-97. Records; branch offices; agents.
- § 81-12-99. Records; maintenance by means of data processing services.
- § 81-12-101. Records; forms and accounting principles; closing of books; description of assets.
- § 81-12-103. Records; overvaluation of assets.
- § 81-12-105. Records; real estate investments; appraisal.
- § 81-12-107. Records; loan and investment.
- § 81-12-109. Records; membership and stockholder.
- § 81-12-111. Records; reproduction by photostatic, photographic or microfilming process.
- § 81-12-113. Reserves.
- § 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.
- § 81-12-117. Savings accounts.
- § 81-12-119. Savings accounts; execution of contract by holder.
- § 81-12-121. Savings accounts; evidence of ownership.
- § 81-12-123. Savings accounts; lost or destroyed account books or certificates.
- § 81-12-125. Savings accounts; inducements to open.
- § 81-12-127. Savings accounts; adverse claims to accounts.
- § 81-12-129. Savings plans at educational institutions.
- § 81-12-131. Payroll savings plans.
- § 81-12-133. Attorneys authorized to make withdrawals; revocation of authority.
- § 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.
- § 81-12-137. Accounts in the name of two (2) or more persons.
- § 81-12-139. Accounts of administrators, executors, guardians, trustees, and other fiduciaries.
- § 81-12-141. Accounts of deceased nonresidents.
- § 81-12-143. Payments to successors without administration.
- § 81-12-145. Accounts payable at death.
- § 81-12-147. Savings accounts as legal investments and as security for bonds.
- § 81-12-149. Payment of earnings on savings accounts.
- § 81-12-151. Withdrawals by savings account holders.
- § 81-12-153. Redemptions.
- § 81-12-155. Securities in which associations may invest.
- § 81-12-157. Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability.
- § 81-12-159. Loans and other investments in which associations may invest.
- § 81-12-161. Real estate loans to be written on approved loan plans.
- § 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.
- § 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.
- § 81-12-167. Late payment charges.
- § 81-12-169. Reinstatement of loan prior to foreclosure sale.
- § 81-12-171. Right of association to deal with successor in interest of real estate securing loan.
- § 81-12-173. Right to act to avoid loss.
- § 81-12-175. Branch offices.
- § 81-12-176. Branch offices; additional types of offices.
- § 81-12-177. Annual report; annual audit; additional reports and examinations; access to books and papers.
- § 81-12-178. Public availability of federal evaluations of banks.
- § 81-12-179. Order of discontinuance of violation; enforcement in chancery court.
- § 81-12-181. Appointment of conservator; powers and privileges; directors, officers and employees to remain; effect on deposits, withdrawals and loans.
- § 81-12-183. Appointment of receiver; powers of receiver; directors, officers and attorneys authorized to contest appointment; surrender of charter.
- § 81-12-184. Supervisory merger.
- § 81-12-185. Restrictions on appointment of conservator or receiver.
- § 81-12-187. Foreign associations; definition; conditions for doing business in state; injunction against foreign association doing business without approval.
- § 81-12-189. Foreign associations; activities of federal associations and certain foreign associations not constituting doing of business within state; subjectivity to suit.
- § 81-12-191. Federal associations domiciled in state.
- § 81-12-193. Fees.
- § 81-12-195. Offering and sale of savings accounts exempt from securities regulations.
- § 81-12-197. Acknowledgment or proof of written instrument in which association interested; membership or employee status of public officer taking as affecting validity.
- § 81-12-199. Untrue, false and malicious statements calculated to injure reputation or business of certain savings associations; penalty for making.
- § 81-12-201. Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations.
- § 81-12-203. Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such associations.
- § 81-12-205. Appeal from final rule, regulation or order of commissioner or board.
- § 81-12-207. Solicitation of deposits by association or its representatives without complying with provisions of chapter; penalty.
- § 81-12-209. Repealed.
- § 81-12-211. Unsafe or unfair practice; notice of charges.
- § 81-12-213. Association in violation of provisions or cease and desist order; civil penalty.
- § 81-12-215. Director, officer or employee violation of provisions or cease and desist order; civil penalty.
- § 81-12-217. Commissioner to issue supervisory control for association.
- § 81-12-219. Appeal of cease and desist order.
- § 81-12-221. Reimbursement of fines or penalties.
- § 81-12-223. Cumulative fines and penalties.
- § 81-12-225. Credit allowed; discretion of commissioner.
- § 81-12-227. Amount of liability to association for loans.
- § 81-12-229. Commissioner to furnish copy of call reports; fee; failure or refusal; misdemeanor.
- § 81-13-1. Organization of credit union; hearing upon denial of license; commencement of corporate existence.