Mississippi § 81-27-8 - 101.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-27-8 — 101., with citation guidance and answers to common questions.
§ 81-27-8. 101.
The commissioner may forthwith take possession of the business and property of any state trust company to which this chapter is applicable whenever it shall appear that such state trust company: Has violated its charter or any laws applicable thereto; Is conducting its business in an unauthorized or unsafe manner; Is in an unsafe or unsound condition to transact its business; Has an impairment of its capital; Has become otherwise insolvent; Has neglected or refused to comply with the terms of a duly issued lawful order of the commissioner; Has refused, upon proper demand, to submit its records, affairs, and concerns for inspection and examination of a duly appointed or authorized examiner of the commissioner; Its officers have refused to be examined upon oath regarding its affairs; or Has made a voluntary assignment of its assets to trustees.
Frequently Asked Questions About Mississippi § 81-27-8
What does Mississippi Code of 1972 Annotated § 81-27-8 cover?
Section 81-27-8 ("101.") 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 § 81-27-8?
A common citation format is "Mississippi Code of 1972 Annotated § 81-27-8" (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 § 81-27-8 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.