SEC. 81-14-119. Merger of federal charters with state savings banks.

(1) Any two (2) or more depository institutions, when one or more is a state savings bank and one or more is a federal depository institution operating in Mississippi, may merge under either a state savings bank charter or a federalcharter.

(2) The commissioner shall promulgate rules and regulations to facilitate the merger of federal depository institutions and state savings banks.

SOURCES: Laws, 1992, ch. 489, Sec. 35, eff from and after passage (approved May 8, 1992).

1997 Amendment

Reenacted.

SOURCE: 1997 Laws, Chapter 364, Sec. 35, HB389, Effective July 1, 1997.