§ 81-23-1. Short title
This chapter shall be known and may be cited as the “Interstate Bank Branching Act.”
§ 81-23-11. Filing of application; criteria for approval
Not later than the date on which the required application is filed with the responsible federal bank supervisory agency, a Mississippi state bank seeking to establish one or more branches in a state other than the State of Mississippi pursuant to an interstate branching transaction, or other exercise, shall file an application on a form […]
§ 81-23-13. Requirements for out-of-state state banks
Any out-of-state state bank that will be the resulting bank pursuant to an interstate branching transaction involving a Mississippi state bank shall notify the commissioner of the proposed transaction not later than the date on which it files an application for an interstate branching transaction with the responsible federal bank supervisory agency, and shall submit […]
§ 81-23-15. Permissible activities
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. A Mississippi state bank may conduct any activities at any branch outside […]
§ 81-23-17. Rights of commissioner
To the extent consistent with subsection (3) of this section, the commissioner may make such examinations of any branch established and maintained in the State of Mississippi pursuant to this chapter by an out-of-state state bank as the commissioner may deem necessary to determine whether the branch is being operated in compliance with the laws […]
§ 81-23-19. Violation by out-of-state state bank; authority of commissioner to take enforcement action
If the commissioner determines that a branch maintained by an out-of-state state bank in the State of Mississippi is being operated in violation of any provision of the laws of the State of Mississippi, or that such branch is being operated in an unsafe and unsound manner, the commissioner shall have the authority to take […]
§ 81-23-21. Power of commissioner to promulgate regulations
The commissioner may promulgate such regulations as he or she determines to be necessary or appropriate in order to implement the provisions of this chapter.
§ 81-23-23. Change in control requirement for out-of-state state banks
Each out-of-state state bank that has established and maintains a branch in the State of Mississippi pursuant to this chapter, shall give at least thirty (30) days’ prior written notice (or, in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law) to the commissioner of any […]
§ 81-23-25. Application in case of judicial finding of invalidity
If any provision of this chapter or the application of such provision is found by any court of competent jurisdiction in the United States to be invalid as to any bank, bank holding company, foreign bank or other person or circumstances, or to be superseded by federal law, the remaining provisions hereof shall not be […]
§ 81-23-3. Intent
It is the intent of this chapter to permit interstate bank branching under Section 102 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law No. 103-328, in accordance with the provisions set forth in this chapter.
§ 81-23-5. Definitions
As used in this chapter, unless a different meaning is required by the context, the following words and phrases shall have the following meanings: “Bank” means any bank the deposits of which are insured by the Federal Deposit Insurance Corporation or any successor thereto; however, the term “bank” shall not include any “foreign bank” as […]
§ 81-23-7. Provisions
In accordance with the provision of this chapter, a Mississippi bank may enter into an interstate branching transaction, or other exercise, the result of which the Mississippi bank, or the resulting Mississippi bank, establishes, maintains or operates one or more branches in a state other than the State of Mississippi. In accordance with the provisions […]
§ 81-23-9. Restrictions
An interstate branching transaction shall not be permitted under this chapter if, upon consummation of such transaction, the resulting bank would control in excess of twenty-five percent (25%) of the total deposits of all offices located in the State of Mississippi of commercial banks, savings banks, savings and loan associations and credit unions in the […]