Licensing
Known as the Savings Bank Law
The act spans §§ 81–81 (108 sections).
Laws, 1992, ch. 489, § 18; reenacted without change, Laws, 1997, ch. 364, § 18; reenacted without change, Laws, 2001, ch. 457, § 18, eff from and after July 1, 2001.
A newly chartered savings bank shall be entitled to a license fee to operate upon payment to the department of the appropriate license fee as prescribed by the commissioner and upon evidence presented to the commissioner of the following:
Capable, efficient and equitable management;
Organization of the savings bank pursuant to law;
Completion of the organization of the savings bank; and
Passage of final inspection by the commissioner or his representative.
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.