GroundRules
Miss. Code Ann. § 81-25-155: Separation of assets.
Where this section sits in the code
- Title 81. Banks and Financial Institutions
- Chapter 25. The Mississippi International Banking Act
- Article 5. Direct Offices of Foreign Banks.
(1) Each foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency in Mississippi shall keep the assets of its business in the State of Mississippi separate and apart from the assets of its business outside the State of Mississippi.
(2) The creditors of a foreign bank arising out of transactions with, and recorded on the books of, its Mississippi state branch or Mississippi state agency shall be entitled to absolute preference and priority over the creditors of such foreign bank’s offices located outside the State of Mississippi with respect to the assets of such foreign bank in the State of Mississippi.
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