Mississippi § 81-14-251 - Membership of a mutual institution.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-14-251 — Membership of a mutual institution., with citation guidance and answers to common questions.
§ 81-14-251. Membership of a mutual institution.
The membership of a mutual state savings bank shall consist of: Any person who holds deposit accounts in a savings bank; or Any person who borrows funds and becomes obligated on a loan from the savings bank, for such time as the loan remains unpaid, or the borrower remains liable to the savings bank for the payment thereof. Any person in his own right, or in a trust or other fiduciary capacity, or any partnership, association, corporation, political subdivision or public or government unit or entity may become a member of a mutual savings bank. Members shall possess such voting rights and other rights as provided by a savings bank’s certificate of incorporation and bylaws. Such members shall be considered the owners of a mutual savings bank.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-14-251
What does Mississippi Code of 1972 Annotated § 81-14-251 cover?
Section 81-14-251 ("Membership of a mutual institution.") 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 § 81-14-251?
A common citation format is "Mississippi Code of 1972 Annotated § 81-14-251" (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 § 81-14-251 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.