There is a newer version of the Mississippi Code
2016 Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 14 - Savings Bank Law
Article 3 - Corporate Changes
§ 81-14-115. Merger of mutual and stock savings banks
MS Code § 81-14-115 (2016) What's This?
(1) Any two (2) or more savings banks, when one or more is mutually owned and one or more is stock owned, may merge to form either a mutual or stock savings bank in separate conversion-merger proceedings and in simultaneous conversion-merger proceedings.
(2) The commissioner may promulgate rules and regulations to facilitate the merger of mutual and stock savings banks.
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