Mississippi § 97-19-47 - Receiving deposits when bank is insolvent.
Full text of Mississippi Mississippi Code of 1972 Annotated § 97-19-47 — Receiving deposits when bank is insolvent., with citation guidance and answers to common questions.
§ 97-19-47. Receiving deposits when bank is insolvent.
The officers or employees of any bank or branch bank who shall receive any deposit knowing or having reason to believe that such bank or branch bank is insolvent, and the owners of any bank or branch bank who shall receive any deposit knowing that such bank or branch bank is insolvent, shall be deemed guilty of a felony and punished, upon conviction therefor, by a fine not exceeding one thousand dollars ($1,000.00) or imprisonment in the state penitentiary for not more than two years, nor less than one year, or by both such fine and imprisonment at the discretion of the court, for each offense.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 97-19-47
What does Mississippi Code of 1972 Annotated § 97-19-47 cover?
Section 97-19-47 ("Receiving deposits when bank is insolvent.") 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 § 97-19-47?
A common citation format is "Mississippi Code of 1972 Annotated § 97-19-47" (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 § 97-19-47 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.