Statutes, codes, and regulations
Mississippi Code 1972
Title 81 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 12 - SAVINGS ASSOCIATIONS LAW
Section 81-12-157 - Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability

Miss. Code § 81-12-157

Download
PDF
Current through 6/1/2024
Section 81-12-157 - Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability

No association shall invest in any security, other than those that qualify as liquid assets, or in any loan at any time when its liquid assets are less than five percent (5%) of its savings liability unless the commissioner shall after investigation have issued written approval.

Miss. Code § 81-12-157

Laws, 1977, ch. 445, § 46; reenacted, Laws, 1982, ch. 301, § 79; Laws, 1990 Ex Sess, ch. 52, § 80; Laws, 1993, ch. 441, § 80; Laws, 1994, ch. 622, § 112; reenacted without change, Laws, 1997, ch. 496, § 77; reenacted without change, Laws, 2001, ch. 488, § 79, eff. 7/1/2001.