{"data":{"id":"us-ms/miss.-code-ann.-81-9-61","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 81-9-61","heading":"Exercise of discretion without approval of court.","body":"By authority of order on the minutes signed by all five directors, the corporation may do and perform, without approval of court, the following, to-wit:\n(a) Employ and fix the compensations of the liquidator, counsel and other employees;\n(b) Lease premises to be occupied by the corporation as business quarters;\n(c) Borrow money, execute promissory notes, and pledge or mortgage the assets of the corporation;\n(d) Compromise or extend indebtedness due the bank being liquidated, and release and surrender securities and collaterals;\n(e) Compromise claims against the bank;\n(f) Sell any or all assets of the bank for cash or on other terms;\n(g) Barter or exchange any assets of the bank for other property;\n(h) Lease any property belonging to the bank;\n(i) Pay dividends to creditors or stockholders of the bank.","path":["Title 81. Banks and Financial Institutions","Chapter 9. Insolvent Banks"],"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":"40d4106d1bbeb7d7f2c3b79a2b9d1b3d4618015f776b151fe624f2d05ae5f9e6","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-81-9-59","next":"us-ms/miss.-code-ann.-81-9-63","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."}