75-69-9 - State banks and trust companies investing in farm credit securities. - Mississippi Statutes

§ 75-69-9. State banks and trust companies investing in farm credit securities.
 

All banking corporations (including savings banks and trust companies), building and loan associations, credit unions, and finance companies, organized under the laws of the State of Mississippi, shall have power, each at its discretion, to invest its capital in farm credit securities to an amount not exceeding twenty-five percent (25%) thereof and to invest its surplus and undivided profits in said securities at its pleasure without limitation hereby. 
 

Sources: Codes, Hemingway's 1921 Supp. § 4533e; 1930, § 4677; 1942, § 4762; Laws,  1920, ch. 182; Laws, 1958, ch. 139, § 5.