81-23-15 - Permissible activities. - Mississippi Statutes

§ 81-23-15. Permissible activities.
 

(1)  An out-of-state bank which establishes and maintains one or more branches in the State of Mississippi under this chapter may conduct any activities at such branch or branches that are authorized under the laws of the State of Mississippi for Mississippi state banks. 

(2)  A Mississippi state bank may conduct any activities at any branch outside the State of Mississippi that are permissible for a bank chartered by the host state where the branch is located. 

(3)  An out-of-state bank that has established a branch in the State of Mississippi under this chapter may establish or acquire additional branches in the State of Mississippi to the same extent that any Mississippi bank may establish or acquire a branch in the State of Mississippi under applicable federal and state law. 
 

Sources: Laws,  1996, ch. 441, § 9, eff from and after May 1, 1997.