Merger of savings banks where ownership is converted

1. Law
2. Mississippi Code
3. Banks and Financial Institutions
4. Savings Bank Law
5. Corporate Changes
6. Merger of savings banks where ownership is converted

1. Any two (2) or more state mutual savings banks may merge to form a single state stock savings bank in separate merger-conversion proceedings or in simultaneous merger-conversion proceedings.
2. Any two (2) or more state stock savings banks may merge to form a single state mutual savings bank in separate merger-conversion proceedings or in simultaneous merger-conversion proceedings.
3. The commissioner may promulgate rules and regulations to facilitate the transition from two (2) or more savings banks to a single savings bank under a new form of ownership.

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