81-25-111 - License prohibitions. - Mississippi Statutes

§ 81-25-111. License prohibitions.
 

(1)  No foreign bank which is licensed under this chapter to establish and maintain a Mississippi state branch or Mississippi state agency shall concurrently maintain a federal branch or federal agency in the State of Mississippi. 

(2)  No foreign bank which maintains a federal branch or federal agency in the State of Mississippi shall concurrently be licensed under this chapter to maintain a Mississippi state branch or Mississippi state agency. 
 

Sources: Laws,  1996, ch. 441, § 29, eff from and after May 1, 1997.