81-14-115 - Merger of mutual and stock savings banks. - Mississippi Statutes

§ 81-14-115. Merger of mutual and stock savings banks.
 

(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. 
 

Sources: Laws,  1992, ch. 489, § 33; reenacted without change, Laws,  1997, ch. 364, § 33; reenacted without change, Laws, 2001, ch. 457, § 33, eff from and after July 1, 2001.