Mississippi § 81-14-3 - Purpose.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-14-3 — Purpose., with citation guidance and answers to common questions.
§ 81-14-3. Purpose.
The purpose of this chapter is: To provide for affordable housing resources for citizens of this state by promoting and preserving a system of thrift institutions that are locally owned and controlled; To provide for the safe and sound conduct of the business of savings banks, the conservation of their assets and the maintenance of public confidence in savings banks; To provide for the protection of the interests of customers and members; To provide the opportunity for savings banks to remain competitive with each other and with other depository institutions existing under other state and federal laws; To provide for an increase in the savings base of the state and for local control of the means of finance and accumulation of capital; To provide the opportunity for the management of savings banks to exercise prudent business judgment in conducting the affairs of savings banks to the extent compatible with the purposes recited in this section; and To provide adequate rule making power and administrative discretion so that the regulation and supervision of savings banks are readily responsive to changes in local economic conditions and depository institution practices.
Frequently Asked Questions About Mississippi § 81-14-3
What does Mississippi Code of 1972 Annotated § 81-14-3 cover?
Section 81-14-3 ("Purpose.") 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 § 81-14-3?
A common citation format is "Mississippi Code of 1972 Annotated § 81-14-3" (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 § 81-14-3 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.