There is a newer version of the Mississippi Code
2013 Mississippi Code
Title 81 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 12 - SAVINGS ASSOCIATIONS LAW
§ 81-12-173 - Right to act to avoid loss
MS Code § 81-12-173 (2013) What's This?
An association, with the approval of the commissioner, may operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith.
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