Mississippi § 81-13-60 - Establishment of branch office.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-13-60 — Establishment of branch office., with citation guidance and answers to common questions.
§ 81-13-60. Establishment of branch office.
Any state credit union may apply to the Commissioner of Banking and Consumer Finance for permission to establish a branch office. The application shall be in such a form as may be prescribed by the commissioner and shall be approved or denied by the commissioner within one hundred twenty (120) days of filing. The commissioner shall approve a branch application when all of the following criteria are met: The applicant has an examination rating of two (2) or higher; The applicant has capital ratios equal or exceeding the amount required by the insurer of deposit accounts; The applicant has no formal or informal enforcement actions outstanding; and The applicant has demonstrated that its members would be well served by the branch. If the commissioner denies the branch application, the branch applicant will have the right of a hearing as prescribed in Section 81-13-1 for those applicants denied a new credit union.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-13-60
What does Mississippi Code of 1972 Annotated § 81-13-60 cover?
Section 81-13-60 ("Establishment of branch office.") 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 § 81-13-60?
A common citation format is "Mississippi Code of 1972 Annotated § 81-13-60" (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 § 81-13-60 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.