All banking corporations (including savings banks and trust companies), building and loan associations, credit unions, and finance companies, organized under the laws of the State of Mississippi, shall have power, each at its discretion, to invest its capital in farm credit securities to an amount not exceeding twenty-five percent (25%) thereof and to invest its surplus and undivided profits in said securities at its pleasure without limitation hereby.
Miss. Code Ann. § 75-69-9
State banks and trust companies investing in farm credit securities
Codes, Hemingway’s 1921 Supp. § 4533e; 1930, § 4677; 1942, § 4762; Laws, 1920, ch. 182; Laws, 1958, ch. 139, § 5.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.