§ 81-25-127. Revocation of license
The commissioner, after notice and opportunity for a hearing, may revoke a license to establish and maintain a Mississippi representative office if he or she finds: The foreign bank has violated any provision of this chapter or any other law, rule or regulation of the State of Mississippi; or Any fact or condition exists which, […]
§ 81-25-129. Posting of license
Each foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall post its license in a conspicuous place at such office.
§ 81-25-131. License transfer restriction
No license issued by the commissioner in accordance with this chapter shall be transferable or assignable.
§ 81-25-107. Application procedures
A foreign bank making an application under this chapter for a license to establish and maintain a Mississippi state branch or Mississippi state agency shall deliver to the commissioner: At least two (2) (or more as the commissioner may require by regulation) duplicate originals of the foreign bank’s application; and At least two (2) (or […]
§ 81-25-109. Application fee
Upon applying to the commissioner under this chapter for a license to establish and maintain a Mississippi state branch or state agency, a foreign bank shall pay to the commissioner an application fee in such amount and in such manner as the commissioner shall require by regulation.
§ 81-25-111. License prohibitions
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. No foreign bank which maintains a federal branch or federal agency in the State of Mississippi shall concurrently be licensed […]
§ 81-25-113. Regulation of operations
Except as otherwise specifically provided in this article or in regulations or orders adopted by the commissioner, and notwithstanding any other law or regulation of the State of Mississippi to the contrary, operations of a foreign bank at a Mississippi state branch or Mississippi state agency shall be conducted with the same rights, privileges and […]
§ 81-25-115. Certificate of authority
No foreign bank which is licensed to establish and maintain a Mississippi state branch shall engage in fiduciary activities at such branch office unless such foreign bank shall have first obtained a certificate of authority from the commissioner to engage in fiduciary activities at such office. An application to obtain a certificate of authority to […]
§ 81-25-117. Permissible and prohibited activities
A Mississippi state branch or Mississippi state agency of a foreign bank licensed under this chapter may receive deposits, renew time deposits, close loans, service loans, and receive payments on loans and other obligations as an agent for any depository institution affiliate of such foreign bank, including branch, agency and other offices of the same […]
§ 81-25-119. Establishment and maintenance of a Mississippi state representative office
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. 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 […]