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Miss. Code Ann. § 81-14-403

Change in control requirement

Known as the Savings Bank Law

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

Laws, 1992, ch. 489, § 105; reenacted without change, Laws, 1997, ch. 364, § 107; reenacted without change, Laws, 2001, ch. 457, § 107, eff from and after July 1, 2001.

(1) Any entity contemplating an action that will result in the change of control of a savings bank or savings bank’s holding company shall first make application to the commissioner for a certificate of approval. Such application shall be in the form prescribed by the commissioner and shall contain such information as he shall require.

(2) Notwithstanding the provisions of this chapter, the commissioner may define “control” by rule and regulation in a manner to ensure uniformity with federal law, regulation and usage.

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.