81-25-119 - Establishment and maintenance of a Mississippi state representative office. - Mississippi Statutes

§ 81-25-119. Establishment and maintenance of a Mississippi state representative office.
 

(1)  No foreign bank shall establish or maintain a Mississippi state representative office unless such foreign bank is licensed by the commissioner to maintain such a Mississippi representative office. 

(2)  Nothing in subsection (1) shall be deemed to prohibit a foreign bank which maintains a federal agency or federal branch in the State of Mississippi from establishing or maintaining one or more Mississippi representative offices. 
 

Sources: Laws,  1996, ch. 441, § 33, eff from and after May 1, 1997.