There is a newer version of the Mississippi Code
2016 Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 14 - Savings Bank Law
Article 7 - Loans and Investments
§ 81-14-305. Prohibited security
MS Code § 81-14-305 (2016) What's This?
No savings bank, or subsidiary thereof, may accept its own capital stock or its own mutual capital certificates as security for any loan made by such savings bank. Further, no loans of any type shall be made, either directly or indirectly, for purposes relating to its own stock.
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