Mississippi § 81-15-15 - Organizations may borrow money from Federal Intermediate Credit Bank.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-15-15 — Organizations may borrow money from Federal Intermediate Credit Bank., with citation guidance and answers to common questions.
§ 81-15-15. Organizations may borrow money from Federal Intermediate Credit Bank.
Any agricultural credit cooperative association organized hereunder shall have power, and is hereby authorized to borrow money from said Federal Intermediate Credit Bank on its notes or like instruments of indebtedness, when such notes or like instruments of indebtedness are secured by warehouse receipts or shipping documents covering such products, and in the case of live stock by mortgages on the same. No money thus borrowed shall exceed seventy-five percent of the market value of the products covered by said warehouse receipts or shipping documents, or of the live stock covered by said mortgages.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 81-15-15
What does Mississippi Code of 1972 Annotated § 81-15-15 cover?
Section 81-15-15 ("Organizations may borrow money from Federal Intermediate Credit Bank.") 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 § 81-15-15?
A common citation format is "Mississippi Code of 1972 Annotated § 81-15-15" (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 § 81-15-15 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.