Mississippi § 81-14-71 - Insurance of accounts required.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-14-71 — Insurance of accounts required., with citation guidance and answers to common questions.
§ 81-14-71. Insurance of accounts required.
All state savings banks must obtain and maintain insurance on all members’ and customers’ deposit accounts from an insurance corporation created by an act of Congress. Prior to the licensing of a savings bank, a certificate of incorporation duly recorded under the provisions of Section 81-19-67(3) shall be deemed to be sufficient certification to the insurance corporation that must be obtained within the time limit prescribed hereinafter. Subject to the rules and regulations of the commissioner, a state savings bank may obtain or participate in efforts to obtain insurance of deposits that is in excess of the amount eligible for federal insurance of accounts. Such insurance shall be known as “excess insurance.”
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-14-71
What does Mississippi Code of 1972 Annotated § 81-14-71 cover?
Section 81-14-71 ("Insurance of accounts required.") 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 § 81-14-71?
A common citation format is "Mississippi Code of 1972 Annotated § 81-14-71" (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 § 81-14-71 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.