2013 Mississippi Code
Title 81 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 1 - DEPARTMENT OF BANKING AND CONSUMER FINANCE
§ 81-1-95 - New statement may be ordered after finding of material changes or errors


MS Code § 81-1-95 (2013) What's This?

If, upon the completion of any examination, the commissioner or an examiner finds that the last public statement of the bank is materially wrong, or that the condition of the bank has materially changed since the last public statement, he may order the bank to publish a new statement based upon the findings of his examination. For failure to promptly publish such statement, the bank shall be liable for a penalty of Five Hundred Dollars ($ 500.00) for which suit shall be brought by the commissioner for the use of the department if not paid within ten (10) days.

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