SB2640: State-chartered banks; revise merger law to conform to the Mississippi Business Corporation Act.

Legislative Summary

An Act To Amend Section 81-5-85, Mississippi Code Of 1972, To Revise The Law Providing For The Consolidation, Conversion Or Merger Of Banks, Savings And Loan Associations, And Savings Banks In Order To Be Consistent With The Mississippi Business Corporation Act; To Amend Section 81-5-97, Mississippi Code Of 1972, To Clarify When The Commissioner May Approve Bank Or Bank Branch Closures; And For Related Purposes.