Deposit accounts
Known as the Savings Bank Law
The act spans §§ 81-14-1 to 81-14-91 (108 sections).
Laws, 1992, ch. 489, § 87; reenacted without change, Laws, 1997, ch. 364, § 89; reenacted without change, Laws, 2001, ch. 457, § 89, eff from and after July 1, 2001.
(1) Every savings bank shall be authorized to solicit deposits from any person, natural or corporate, except as restricted or limited by law, or by such regulations as the commissioner may prescribe.
(2) Savings banks may receive deposits of funds upon such terms as the contract of deposit shall provide to establish methods of withdrawals.
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.