Insolvent Banks

  1. Law
  2. Mississippi Code
  3. Banks and Financial Institutions
  4. Insolvent Banks

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Section
81-9-1

Capital stock impaired; how restored

Section
81-9-3

Transfers by banks and other acts in contemplation of insolvency

Section
81-9-5

Closing insolvent banks

Section
81-9-7

Examiner to be placed in charge

Section
81-9-9

Conservation of assets; title

Section
81-9-11

Sale of assets of insolvent bank

Section
81-9-13

Reopening banks under "freezing of deposits" agreements

Section
81-9-15

Limitation on custodial period; approval of acts involving discretion or judgment

Section
81-9-17

Receiver to be appointed

Section
81-9-19

Surrender of assets to receiver; reports

Section
81-9-21

Bond of receiver

Section
81-9-23

Duties of receiver

Section
81-9-25

Receivers empowered to borrow money

Section
81-9-27

Receivers may sell assets of insolvent banks

Section
81-9-29

Liquidation; separate assets for creditors; corporate stock

Section
81-9-31

Proof of claims

Section
81-9-33

Inventory and books by the receiver

Section
81-9-35

Dividends by receiver

Section
81-9-37

Reports by receiver; petition for discharge

Section
81-9-39

Compensation and expenses of receiver and attorney

Section
81-9-41

Liquidation of solvent bank

Section
81-9-43

Procedure to obtain depositors' liquidation

Section
81-9-45

Petition and decree thereon

Section
81-9-47

Effect of decree

Section
81-9-49

General powers of liquidating corporation

Section
81-9-51

Double liability of certain stockholders released

Section
81-9-53

Bond of directors; compensation

Section
81-9-55

Vacancies and removal of directors

Section
81-9-57

Officers of the corporation

Section
81-9-59

Compensation of liquidator and other employees

Section
81-9-61

Exercise of discretion without approval of court

Section
81-9-63

Sale of assets to going bank

Section
81-9-65

Corporation and directors may be restrained

Section
81-9-67

Liquidating corporations may apply to court for directions

Section
81-9-69

Records and inspection thereof

Section
81-9-71

Final report and dissolution of the corporation

Section
81-9-73

When Federal Deposit Insurance Corporation or any similar corporation to be appointed receiver

Section
81-9-75

Priority of claims for payment against certain insolvent banks upon liquidation or upon execution of purchase of assets and assumption of liabilities