81-14-129 - Interim savings banks. - Mississippi Statutes

§ 81-14-129. Interim savings banks.
 

(1)  Article 2 of this chapter shall not apply to applications for permission to organize an interim state savings bank so long as the application is approved by the commissioner. 

(2)  Preliminary approval of an application for permission to organize an interim state savings bank shall be conditional upon the commissioner's approval of an application to merge the interim savings bank and an existing stock savings bank or on the commissioner's approval of any other transaction. 

(3)  The commissioner shall promulgate rules and regulations to govern the formation of interim savings banks authorized by this section. 
 

Sources: Laws,  1992, ch. 489, § 40; reenacted without change, Laws,  1997, ch. 364, § 40; reenacted without change, Laws, 2001, ch. 457, § 40, eff from and after July 1, 2001.