Mississippi § 81-1-77 - Borrowing money from or indorsing notes to state banks by officers or employees of department prohibited; penalties.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-1-77 — Borrowing money from or indorsing notes to state banks by officers or employees of department prohibited; penalties., with citation guidance and answers to common questions.
§ 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 to borrow money from any state bank directly or indirectly or to indorse any note to any state bank. Any such officer or employee who borrows any money from any state bank or indorses any note to any state bank and any officer or employee of any state bank who makes any such loan to any officer or employee of the department or accepts the indorsement of any officer or employee of the department on any note to any state bank shall be guilty of a misdemeanor and, upon conviction of such offense, shall be imprisoned for not more than six (6) months in the county jail, or fined not more than One Thousand Dollars ($1,000.00), or both. Each renewal of any loan or indorsement forbidden by this section shall constitute a separate offense.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-1-77
What does Mississippi Code of 1972 Annotated § 81-1-77 cover?
Section 81-1-77 ("Borrowing money from or indorsing notes to state banks by officers or employees of department prohibited; penalties.") 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 § 81-1-77?
A common citation format is "Mississippi Code of 1972 Annotated § 81-1-77" (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 § 81-1-77 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.