Mississippi § 81-12-203 - Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such associations.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-12-203 — Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such associations., with citation guidance and answers to common questions.
§ 81-12-203. Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such associations.
The name, rights, powers, privileges and immunities of every savings association heretofore incorporated in this state shall be governed by the provisions of this chapter to the same extent and effect as if such association had been incorporated pursuant hereto. Every such association shall possess the rights, powers, privileges and immunities and shall be subject to the duties, liabilities, disabilities and restrictions conferred and imposed by this chapter, notwithstanding anything to the contrary in its certificates of incorporation, bylaws, constitution or rules. All obligations to any such association heretofore contracted shall be enforceable by it and in its name, and demands, claims and rights of action against any such association may be enforced against it as fully and completely as they could have been enforced heretofore.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-12-203
What does Mississippi Code of 1972 Annotated § 81-12-203 cover?
Section 81-12-203 ("Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such 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 § 81-12-203?
A common citation format is "Mississippi Code of 1972 Annotated § 81-12-203" (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 § 81-12-203 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.