Where no other criminal penalty is specifically provided in this chapter, if any association or its agents, attorneys or solicitors, officers or directors, or any other person shall solicit or negotiate any deposit of money or in anywise transact any business regulated hereunder in this state without having first fully complied in good faith with the provisions of this chapter, such association and any such person, upon conviction, shall be punished by a fine of not more than Five Thousand Dollars ($5,000.00) or imprisonment for not more than five (5) years, or both.
Miss. Code Ann. § 81-12-207
Solicitation of deposits by association or its representatives without complying with provisions of chapter; penalty
Known as the Savings Association Law
The act spans §§ 81-12-1 to 81-12-99 (121 sections).
Laws, 1977, ch. 445, § 65; reenacted, Laws, 1982, ch. 301, § 104; Laws, 1990 Ex Sess, ch. 52, § 107; Laws, 1993, ch. 441, § 108; Laws, 1994, ch. 622, § 140; reenacted without ch…
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.