An association, with the approval of the commissioner, may operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith.
Miss. Code Ann. § 81-12-173
Right to act to avoid loss
Known as the Savings Association Law
The act spans §§ 81-12-1 to 81-12-99 (121 sections).
Laws, 1977, ch. 445, § 52; reenacted, Laws, 1982, ch. 301, § 87; Laws, 1990 Ex Sess, ch. 52, § 88; Laws, 1993, ch. 441, § 88; Laws, 1994, ch. 622, § 120; reenacted without chang…
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.