81-14-73 - Status as IRS qualified thrift institution. - Mississippi Statutes

§ 81-14-73. Status as IRS qualified thrift institution.
 

All state savings banks must qualify for and maintain eligibility for the bad debt reserve under Section 7701(a)(19) of the Internal Revenue Code of 1968 and any amendments thereto. 
 

Sources: Laws,  1992, ch. 489, § 16; reenacted without change, Laws,  1997, ch. 364, § 16; reenacted without change, Laws, 2001, ch. 457, § 16, eff from and after July 1, 2001.