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Miss. Code Ann. § 81-25-111

License prohibitions

Known as the Mississippi International Banking Act

The act spans §§ 81–81 (44 sections).

Laws, 1996, ch. 441, § 29, eff from and after May 1, 1997.

(1) No foreign bank which is licensed under this chapter to establish and maintain a Mississippi state branch or Mississippi state agency shall concurrently maintain a federal branch or federal agency in the State of Mississippi.

(2) No foreign bank which maintains a federal branch or federal agency in the State of Mississippi shall concurrently be licensed under this chapter to maintain a Mississippi state branch or Mississippi state agency.

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.