Mississippi § 81-25-123 - Application procedures.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-25-123 — Application procedures., with citation guidance and answers to common questions.
§ 81-25-123. Application procedures.
A foreign bank making an application for a license to establish and maintain a Mississippi representative office shall deliver to the commissioner two (2) (or more as the commissioner may require by regulation) duplicate originals of the foreign bank’s application. The commissioner shall issue a license to a foreign bank to establish and maintain a Mississippi representative office if he or she finds that: The foreign bank is of good character and sound financial standing; The management of the foreign banks and the proposed management of the Mississippi representative office are adequate; and The convenience and needs of persons to be served by the proposed Mississippi representative office will be promoted. If the commissioner determines to issue a license to a foreign bank to establish and maintain a Mississippi representative office, he or she shall, when all fees have been paid as required under this chapter: Endorse on each duplicate original of the application the word “Filed,” and the date of the filing thereof and return to the foreign bank one (1) such duplicate original so endorsed; File in his or her office one (1) of such duplicate originals of the application; and Issue a license to establish and maintain a Mississippi representative office to such foreign bank. Each license issued to a foreign bank to establish and maintain a Mississippi representative office shall state fully the name of the foreign bank to which such license is issued, the address or addresses at which such Mississippi representative office is to be located and all such other information as the commissioner may require by regulation.
Frequently Asked Questions About Mississippi § 81-25-123
What does Mississippi Code of 1972 Annotated § 81-25-123 cover?
Section 81-25-123 ("Application procedures.") 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 § 81-25-123?
A common citation format is "Mississippi Code of 1972 Annotated § 81-25-123" (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 § 81-25-123 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.