Merger of federal charters with state savings banks
Known as the Savings Bank Law
The act spans §§ 81–81 (108 sections).
Laws, 1992, ch. 489, § 35; reenacted without change, Laws, 1997, ch. 364, § 35; reenacted without change, Laws, 2001, ch. 457, § 35, eff from and after July 1, 2001.
(1) Any two (2) or more depository institutions, when one or more is a state savings bank and one or more is a federal depository institution operating in Mississippi, may merge under either a state savings bank charter or a federal charter.
(2) The commissioner shall promulgate rules and regulations to facilitate the merger of federal depository institutions and state savings banks.
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.