GroundRules
Miss. Code Ann. § 81-14-251: Membership of a mutual institution.
Where this section sits in the code
- Title 81. Banks and Financial Institutions
- Chapter 14. Savings Bank Law
- Article 6. Corporate Administration.
The membership of a mutual state savings bank shall consist of:
(a) Any person who holds deposit accounts in a savings bank; or
(b) Any person who borrows funds and becomes obligated on a loan from the savings bank, for such time as the loan remains unpaid, or the borrower remains liable to the savings bank for the payment thereof.
Any person in his own right, or in a trust or other fiduciary capacity, or any partnership, association, corporation, political subdivision or public or government unit or entity may become a member of a mutual savings bank. Members shall possess such voting rights and other rights as provided by a savings bank’s certificate of incorporation and bylaws. Such members shall be considered the owners of a mutual savings bank.
Collected 2026-10-27T05:54:28Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source