Mississippi § 81-12-201 - Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-12-201 — Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations., with citation guidance and answers to common questions.
§ 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 not incorporated, other than a bank or credit union organized under the laws of this state or of the United States, or an association organized under the laws of this state or of the United States, shall advertise by newspaper, radio, television, or other commercial media for deposits of money from the public. The commissioner shall have authority to enforce this prohibition by injunctive relief in the chancery court in which any such person may be a resident or domiciled.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-12-201
What does Mississippi Code of 1972 Annotated § 81-12-201 cover?
Section 81-12-201 ("Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 81-12-201?
A common citation format is "Mississippi Code of 1972 Annotated § 81-12-201" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 81-12-201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.