PocketLaw | Mississippi Code | General Provisions

General Provisions

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General regulations

Private corporation laws; application to state banks

Bank not to permit use of its name

Local and regional banks for farm loans authorized

Preservation of old records

Banks shall become members of the Federal Deposit Insurance Corporation

Section
81-5-11

State banks may become members of Federal Reserve Bank

Section
81-5-13

Federal Reserve Act requirements must be observed

Section
81-5-15

Officers and employees of banks to furnish fidelity bond; insurance

Section
81-5-17

Bank stock; transfer and use as collateral

Section
81-5-19

Stock; record of transfer of to be kept

Section
81-5-21

Stock of other banks not to be owned

Section
81-5-23

Preferred stock; issuance authorized

Section
81-5-25

Investments in stock of small business investment companies

Section
81-5-27

Liability of stockholders

Section
81-5-28

Bank holding companies; definitions; control of banks

Section
81-5-29

Corporations may be formed to purchase, hold and own bank assets

Section
81-5-31

Voting trusts prohibited

Section
81-5-33

Powers in regard to trusts

Section
81-5-34

Accounts of administrators, executors, guardians, trustees, and other fiduciaries

Section
81-5-35

State and national banks acting in fiduciary capacity not required to file bond; exception

Section
81-5-37

Uniform Common Trust Fund Law

Section
81-5-39

Banks may register securities held in fiduciary capacity in name of bank's nominee

Section
81-5-40

Repealed

Section
81-5-41

Foreign investors may engage in certain activities without qualifying

Section
81-5-43

Out-of-state banking and trust associations and corporations may act as executors, administrators, trustees and guardians

Section
81-5-45

Qualification and oath of directors; meetings; executive and auditing committee

Section
81-5-47

Directors may contract to sell stock while continuing to serve

Section
81-5-49

Interlocking directorates prohibited

Section
81-5-51

Loans to directors and executive officers

Section
81-5-53

Limitation of liability when dealing with agents, trustees, etc.

Section
81-5-55

Name of depositors not to be disclosed

Section
81-5-56

Month and year checking account opened to be printed on face of checks

Section
81-5-57

Excess deposits; limit and penalty

Section
81-5-59

Deposit of minors

Section
81-5-61

Safe deposit boxes; leasing to minors

Section
81-5-62

Accounts payable at death

Section
81-5-63

Deposit in name of two or more persons; payments to successors of deceased depositors without administration; "successor" defined

Section
81-5-64

Access to safe-deposit box upon death of sole lessee or last surviving co-lessee; definitions; order of priority; documentation required; rights and responsibilities of persons granted access; liability protections to financial institutions

Section
81-5-65

Accounts of deceased depositors to be reported; publicity of same

Section
81-5-67

Settlement of adverse claims to deposits

Section
81-5-69

Repealed

Section
81-5-71

Certifying checks

Section
81-5-73

Repealed

Section
81-5-75

Authorization for payment of dividend

Section
81-5-77

Limit of loans and extensions of credit to single borrower

Section
81-5-79

Small loans

Section
81-5-81

Effect of third-party deposits to induce making of unsound loans

Section
81-5-83

Limit of borrowing power of banks

Section
81-5-85

Consolidation, conversion or merger of state or state and national banks, state or federal savings and loan associations and state-chartered banks, and state or federal savings banks and state-chartered banks

Section
81-5-87

Holding of real estate by bank

Section
81-5-89

Limitations upon acceptances

Section
81-5-91

Repealed

Section
81-5-93

Clearinghouse associations authorized

Section
81-5-95

Powers of clearinghouse associations

Section
81-5-97

Banking hours

Section
81-5-98

Drive-in teller windows and branch offices considered to be branch banks

Section
81-5-99

Repealed

Section
81-5-100

Establishment of electronic banking terminals

Section
81-5-101

Dissolution of solvent banks

Section
81-5-103

General penalty

Section
81-5-105

Standard of care for bank directors established