Miss. Code Ann. § 81-14-113

Merger of savings banks where ownership is converted

Known as the Savings Bank Law

The act spans §§ 81–81 (108 sections).

Laws, 1992, ch. 489, § 32; reenacted without change, Laws, 1997, ch. 364, § 32; reenacted without change, Laws, 2001, ch. 457, § 32, eff from and after July 1, 2001.

(1) Any two (2) or more state mutual savings banks may merge to form a single state stock savings bank in separate merger-conversion proceedings or in simultaneous merger-conversion proceedings.

(2) Any two (2) or more state stock savings banks may merge to form a single state mutual savings bank in separate merger-conversion proceedings or in simultaneous merger-conversion proceedings.

(3) The commissioner may promulgate rules and regulations to facilitate the transition from two (2) or more savings banks to a single savings bank under a new form of ownership.

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.