Chapter
Savings Associations Law
- Miss. Code Ann. § 81-12-1— Citation of chapter
- Miss. Code Ann. § 81-12-3— Definitions
- Miss. Code Ann. § 81-12-4— Private corporation laws; application to savings and loan associations
- Miss. Code Ann. § 81-12-5— Repealed
- Miss. Code Ann. § 81-12-6— Department of Savings Institutions and Savings Institution Board abolished; transfer of powers, duties, etc. to other agencies
- Miss. Code Ann. § 81-12-7— Rights, powers, privileges and duties of board
- Miss. Code Ann. § 81-12-9— Determinations of commissioner final; judicial review
- Miss. Code Ann. § 81-12-11— Duties of department
- Miss. Code Ann. § 81-12-13— §§ 81-12-13 and 81-12-15. Repealed
- Miss. Code Ann. § 81-12-17— Interests in savings institutions prohibited; confidentiality of information
- Miss. Code Ann. § 81-12-19— Repealed
- Miss. Code Ann. § 81-12-21— Transfer of books and records; continuation of actions
- Miss. Code Ann. § 81-12-23— Commissioner; supervisory and enforcement powers; approvals, orders and instructions
- Miss. Code Ann. § 81-12-24— Removal of officers and directors
- Miss. Code Ann. § 81-12-25— Incorporation; petition; fee; articles; bylaws; exhibits
- Miss. Code Ann. § 81-12-27— Incorporation; examination and investigation of petition
- Miss. Code Ann. § 81-12-29— Incorporation; notice of petition; filing notice of opposition; hearing
- Miss. Code Ann. § 81-12-31— Incorporation; meeting of board to consider petition; cross-examination of and compelling attendance of witnesses; disposition of petition
- Miss. Code Ann. § 81-12-33— Incorporation; proceedings upon approval of incorporation; commencement of corporate existence
- Miss. Code Ann. § 81-12-35— Organization of mutual association; subscription by incorporators; bond; expense fund; organization meeting
- Miss. Code Ann. § 81-12-37— Capital stock association; minimum required capital; paid-in surplus; determining and maintaining adequate net worth
- Miss. Code Ann. § 81-12-39— Capital stock association; statement of compliance; issuance of certificate of authorization; organization meeting
- Miss. Code Ann. § 81-12-41— Name of association; enjoining violations; penalty
- Miss. Code Ann. § 81-12-43— Change of name or location of home office; hearing
- Miss. Code Ann. § 81-12-45— Forfeiture of corporate existence; new corporations; extension of time within which to commence business
- Miss. Code Ann. § 81-12-47— Insurance accounts; liquidation of noncomplying existing associations; false representation as to insurance; penalty; injunction
- Miss. Code Ann. § 81-12-49— Powers of associations
- Miss. Code Ann. § 81-12-51— Additional powers of capital stock associations
- Miss. Code Ann. § 81-12-53— Conversion of association organized under state law into federal association
- Miss. Code Ann. § 81-12-55— Conversion of federal association into association organized under state law
- Miss. Code Ann. § 81-12-57— Conversion of association organized under state law or of federal association into capital stock association
- Miss. Code Ann. § 81-12-59— Conversion of association organized under state law or of federal association into capital stock association; hearing on plan of conversion; notice; costs
- Miss. Code Ann. § 81-12-61— Conversion of capital stock association organized under state law into federal association
- Miss. Code Ann. § 81-12-63— Conversion prohibited; exceptions
- Miss. Code Ann. § 81-12-65— Reorganization, merger and consolidation of associations
- Miss. Code Ann. § 81-12-66— Ownership by holding company
- Miss. Code Ann. § 81-12-67— Acquisition of controlling interest in capital stock association; certificate of approval; definitions; restrictions on ownership or control; reports; examinations
- Miss. Code Ann. § 81-12-69— Termination of association; liquidation of assets; surrender of charter
- Miss. Code Ann. § 81-12-71— Annual meeting of members of association; voting; quorum
- Miss. Code Ann. § 81-12-73— Annual meeting of stockholders of capital stock associations; notice; voting; quorum
- Miss. Code Ann. § 81-12-75— Membership fees prohibited
- Miss. Code Ann. § 81-12-77— Inspection of books and records of association; confidential nature of certain books and records; access by members; procedure for members to communicate with other members with reference to questions to be presented at annual meeting
- Miss. Code Ann. § 81-12-79— Call reports
- Miss. Code Ann. § 81-12-81— Board of directors to direct business of association; number and qualifications of members; oath; procedure for filling vacancies
- Miss. Code Ann. § 81-12-83— Board of directors to manage business and exercise powers of capital stock association; election of members; term of office; qualifications; oath; vacancies
- Miss. Code Ann. § 81-12-85— Bonding of association’s officers, attorneys, employees, agents and directors
- Miss. Code Ann. § 81-12-87— Fiduciary relationship of directors and officers; disclosure of personal interests; restrictions governing conduct; penalty
- Miss. Code Ann. § 81-12-89— Deposit of association funds; approval by directors
- Miss. Code Ann. § 81-12-91— Indemnification of director, officer or employee for expenses of action to which he is made a party by reason of his position
- Miss. Code Ann. § 81-12-93— Management contracts
- Miss. Code Ann. § 81-12-95— Records; minutes of meetings; business transactions
- Miss. Code Ann. § 81-12-97— Records; branch offices; agents
- Miss. Code Ann. § 81-12-99— Records; maintenance by means of data processing services
- Miss. Code Ann. § 81-12-101— Records; forms and accounting principles; closing of books; description of assets
- Miss. Code Ann. § 81-12-103— Records; overvaluation of assets
- Miss. Code Ann. § 81-12-105— Records; real estate investments; appraisal
- Miss. Code Ann. § 81-12-107— Records; loan and investment
- Miss. Code Ann. § 81-12-109— Records; membership and stockholder
- Miss. Code Ann. § 81-12-111— Records; reproduction by photostatic, photographic or microfilming process
- Miss. Code Ann. § 81-12-113— Reserves
- Miss. Code Ann. § 81-12-115— Savings liability of association to equal aggregate amount of savings accounts plus earnings; additions to accounts; responsibility of members for losses; assessment of accounts; declaration of earnings; preferences
- Miss. Code Ann. § 81-12-117— Savings accounts
- Miss. Code Ann. § 81-12-119— Savings accounts; execution of contract by holder
- Miss. Code Ann. § 81-12-121— Savings accounts; evidence of ownership
- Miss. Code Ann. § 81-12-123— Savings accounts; lost or destroyed account books or certificates
- Miss. Code Ann. § 81-12-125— Savings accounts; inducements to open
- Miss. Code Ann. § 81-12-127— Savings accounts; adverse claims to accounts
- Miss. Code Ann. § 81-12-129— Savings plans at educational institutions
- Miss. Code Ann. § 81-12-131— Payroll savings plans
- Miss. Code Ann. § 81-12-133— Attorneys authorized to make withdrawals; revocation of authority
- Miss. Code Ann. § 81-12-135— Savings accounts issued to minors or persons under disability; payment of withdrawals; powers of parent or guardian; withdrawals on death of holder
- Miss. Code Ann. § 81-12-137— Accounts in the name of two (2) or more persons
- Miss. Code Ann. § 81-12-139— Accounts of administrators, executors, guardians, trustees, and other fiduciaries
- Miss. Code Ann. § 81-12-141— Accounts of deceased nonresidents
- Miss. Code Ann. § 81-12-143— Payments to successors without administration
- Miss. Code Ann. § 81-12-145— Accounts payable at death
- Miss. Code Ann. § 81-12-147— Savings accounts as legal investments and as security for bonds
- Miss. Code Ann. § 81-12-149— Payment of earnings on savings accounts
- Miss. Code Ann. § 81-12-151— Withdrawals by savings account holders
- Miss. Code Ann. § 81-12-153— Redemptions
- Miss. Code Ann. § 81-12-155— Securities in which associations may invest
- Miss. Code Ann. § 81-12-157— Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability
- Miss. Code Ann. § 81-12-159— Loans and other investments in which associations may invest
- Miss. Code Ann. § 81-12-161— Real estate loans to be written on approved loan plans
- Miss. Code Ann. § 81-12-163— Borrower’s right to select attorney and obtain insurance in connection with loan; rules and regulations governing fire, casualty and title insurance
- Miss. Code Ann. § 81-12-165— Payment of expenses in connection with closing of loan; borrower to pay only his own attorney’s fee; notice of right to select attorney; right of association to require title insurance
- Miss. Code Ann. § 81-12-167— Late payment charges
- Miss. Code Ann. § 81-12-169— Reinstatement of loan prior to foreclosure sale
- Miss. Code Ann. § 81-12-171— Right of association to deal with successor in interest of real estate securing loan
- Miss. Code Ann. § 81-12-173— Right to act to avoid loss
- Miss. Code Ann. § 81-12-175— Branch offices
- Miss. Code Ann. § 81-12-176— Branch offices; additional types of offices
- Miss. Code Ann. § 81-12-177— Annual report; annual audit; additional reports and examinations; access to books and papers
- Miss. Code Ann. § 81-12-178— Public availability of federal evaluations of banks
- Miss. Code Ann. § 81-12-179— Order of discontinuance of violation; enforcement in chancery court
- Miss. Code Ann. § 81-12-181— Appointment of conservator; powers and privileges; directors, officers and employees to remain; effect on deposits, withdrawals and loans
- Miss. Code Ann. § 81-12-183— Appointment of receiver; powers of receiver; directors, officers and attorneys authorized to contest appointment; surrender of charter
- Miss. Code Ann. § 81-12-184— Supervisory merger
- Miss. Code Ann. § 81-12-185— Restrictions on appointment of conservator or receiver
- Miss. Code Ann. § 81-12-187— Foreign associations; definition; conditions for doing business in state; injunction against foreign association doing business without approval
- Miss. Code Ann. § 81-12-189— Foreign associations; activities of federal associations and certain foreign associations not constituting doing of business within state; subjectivity to suit
- Miss. Code Ann. § 81-12-191— Federal associations domiciled in state
- Miss. Code Ann. § 81-12-193— Fees
- Miss. Code Ann. § 81-12-195— Offering and sale of savings accounts exempt from securities regulations
- Miss. Code Ann. § 81-12-197— Acknowledgment or proof of written instrument in which association interested; membership or employee status of public officer taking as affecting validity
- Miss. Code Ann. § 81-12-199— Untrue, false and malicious statements calculated to injure reputation or business of certain savings associations; penalty for making
- Miss. Code Ann. § 81-12-201— Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations
- Miss. Code Ann. § 81-12-203— Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such associations
- Miss. Code Ann. § 81-12-205— Appeal from final rule, regulation or order of commissioner or board
- Miss. Code Ann. § 81-12-207— Solicitation of deposits by association or its representatives without complying with provisions of chapter; penalty
- Miss. Code Ann. § 81-12-209— Repealed
- Miss. Code Ann. § 81-12-211— Unsafe or unfair practice; notice of charges
- Miss. Code Ann. § 81-12-213— Association in violation of provisions or cease and desist order; civil penalty
- Miss. Code Ann. § 81-12-215— Director, officer or employee violation of provisions or cease and desist order; civil penalty
- Miss. Code Ann. § 81-12-217— Commissioner to issue supervisory control for association
- Miss. Code Ann. § 81-12-219— Appeal of cease and desist order
- Miss. Code Ann. § 81-12-221— Reimbursement of fines or penalties
- Miss. Code Ann. § 81-12-223— Cumulative fines and penalties
- Miss. Code Ann. § 81-12-225— Credit allowed; discretion of commissioner
- Miss. Code Ann. § 81-12-227— Amount of liability to association for loans
- Miss. Code Ann. § 81-12-229— Commissioner to furnish copy of call reports; fee; failure or refusal; misdemeanor