81-12-17 - Interests in savings institutions prohibited; confidentiality of information. - Mississippi Statutes

§ 81-12-17. Interests in savings institutions prohibited; confidentiality of information.
 

(1)  The commissioner, deputy commissioner and examiners shall not be interested in a savings institution, directly or indirectly, either as creditor (except that each may be a savings account holder and receive earnings thereon), director, officer, employee, borrower (except that each may be a borrower as to a single home in which he actually resides or has resided), trustee or attorney, nor shall any one (1) of them receive, directly or indirectly, any payment, compensation or gratuity from any savings institution. 

(2)  The commissioner, examiners, all employees of the department and members of the board shall not divulge any information acquired by them in the discharge of their duties as prescribed by this chapter, except insofar as the same may be rendered necessary by law or under order of court; however, the commissioner may furnish information as to the condition of any savings institution to the appropriate federal regulatory authority, any federal home loan bank, the board, or the board of directors of the affected savings institution, and the commissioner may provide to members of the public the information authorized under Section 81-12-178 without being in violation of this subsection. 
 

Sources: Laws,  1977, ch. 445, § 4 (6-8); reenacted, 1982, ch. 301, § 9; Laws, 1990 Ex Sess, ch. 52, § 9; Laws, 1992, ch. 489, § 112; reenacted and amended, 1993, ch. 441, § 9; Laws, 1994, ch. 622, § 42; reenacted without change, Laws,  1997, ch. 496, § 7; reenacted without change, Laws, 2001, ch. 488, § 8, eff from and after July 1, 2001.