81-14-77 - Licensing. - Mississippi Statutes

§ 81-14-77. Licensing.
 

A newly chartered savings bank shall be entitled to a license fee to operate upon payment to the department of the appropriate license fee as prescribed by the commissioner and upon evidence presented to the commissioner of the following: 
 

(a) Capable, efficient and equitable management; 

(b) Organization of the savings bank pursuant to law; 

(c) Completion of the organization of the savings bank; and 

(d) Passage of final inspection by the commissioner or his representative. 
 

Sources: Laws,  1992, ch. 489, § 18; reenacted without change, Laws,  1997, ch. 364, § 18; reenacted without change, Laws, 2001, ch. 457, § 18, eff from and after July 1, 2001.