Mississippi § 81-14-355 - Net worth maintenance requirement.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-14-355 — Net worth maintenance requirement., with citation guidance and answers to common questions.
§ 81-14-355. Net worth maintenance requirement.
Each savings bank shall maintain an adequate net worth appropriate for the conduct of its business and the protection of its savings account holders. The net worth adequacy of a savings bank shall be determined by the commissioner on a regular basis, but not less than one (1) time per year after evaluating the character of management, the quality of assets, history of earnings and the retention thereof, the potential volatility of the deposit structure and the institution’s capacity to furnish the broadest service to the public. A written report of such finding and determination shall be made and filed by the commissioner.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-14-355
What does Mississippi Code of 1972 Annotated § 81-14-355 cover?
Section 81-14-355 ("Net worth maintenance requirement.") 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 § 81-14-355?
A common citation format is "Mississippi Code of 1972 Annotated § 81-14-355" (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 § 81-14-355 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.