There is a newer version of the Mississippi Code
2016 Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 12 - Savings Associations Law
§ 81-12-157. Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability
MS Code § 81-12-157 (2016) What's This?
No association shall invest in any security, other than those that qualify as liquid assets, or in any loan at any time when its liquid assets are less than five percent (5%) of its savings liability unless the commissioner shall after investigation have issued written approval.
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