{"data":{"id":"us-ms/miss.-code-ann.-81-27-8.101","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 81-27-8.101","heading":"When commissioner may take charge.","body":"The commissioner may forthwith take possession of the business and property of any state trust company to which this chapter is applicable whenever it shall appear that such state trust company:\n(1) Has violated its charter or any laws applicable thereto;\n(2) Is conducting its business in an unauthorized or unsafe manner;\n(3) Is in an unsafe or unsound condition to transact its business;\n(4) Has an impairment of its capital;\n(5) Has become otherwise insolvent;\n(6) Has neglected or refused to comply with the terms of a duly issued lawful order of the commissioner;\n(7) Has refused, upon proper demand, to submit its records, affairs, and concerns for inspection and examination of a duly appointed or authorized examiner of the commissioner;\n(8) Its officers have refused to be examined upon oath regarding its affairs; or\n(9) Has made a voluntary assignment of its assets to trustees.","path":["Title 81. Banks and Financial Institutions","Chapter 27. Multistate, State and Limited Liability Trust Institutions","Article 8. Dissolution and Receivership; Conservatorship.","Subarticle B. Involuntary Dissolution and Liquidation."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.81.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:28Z","sha256":"8f5ab2f348e790686772f255f2e6cd319428aed62c14f7acc5afd0d8da82bb16","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-81-27-8.006","next":"us-ms/miss.-code-ann.-81-27-8.102","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"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.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"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.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}