Mississippi § 81-14-159 - Prolonged audit, examination or revaluation; payments of costs.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-14-159 — Prolonged audit, examination or revaluation; payments of costs., with citation guidance and answers to common questions.
§ 81-14-159. Prolonged audit, examination or revaluation; payments of costs.
If, in the opinion of the commissioner an examination conducted under the provisions of Section 81-14-155 fails to disclose the complete financial condition of a savings bank, he may in order to ascertain its complete financial condition: Make an extended audit or examination of the savings bank, or cause such an audit or examination to be made by an independent auditor; Make an extended revaluation of any of the assets or liabilities of the savings bank, or cause an independent appraiser to make such revaluation. The commissioner shall collect from the savings bank a reasonable sum for actual or necessary expenses of such an audit, examination or revaluation.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-14-159
What does Mississippi Code of 1972 Annotated § 81-14-159 cover?
Section 81-14-159 ("Prolonged audit, examination or revaluation; payments of costs.") 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 § 81-14-159?
A common citation format is "Mississippi Code of 1972 Annotated § 81-14-159" (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 § 81-14-159 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.