2016 Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 14 - Savings Bank Law
Article 2 - Incorporation and Organization
§ 81-14-77. Licensing

MS Code § 81-14-77 (2016) What's This?

A newly chartered savings bank shall be entitled to a license fee to operate upon payment to the department of the appropriate license fee as prescribed by the commissioner and upon evidence presented to the commissioner of the following:

(a) Capable, efficient and equitable management;

(b) Organization of the savings bank pursuant to law;

(c) Completion of the organization of the savings bank; and

(d) Passage of final inspection by the commissioner or his representative.

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