All state savings banks must qualify for and maintain eligibility for the bad debt reserve under Section 7701(a)(19) of the Internal Revenue Code of 1968 and any amendments thereto.
Miss. Code Ann. § 81-14-73
Status as IRS qualified thrift institution
Known as the Savings Bank Law
The act spans §§ 81–81 (108 sections).
Laws, 1992, ch. 489, § 16; reenacted without change, Laws of 1997, ch. 364, § 16; reenacted without change, Laws, 2001, ch. 457, § 16, eff from and after July 1, 2001.
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.