reglab/housing_qa huggingface dataset:
MS Code § 81-13-62 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-62. Electronic banking terminals

  For the purposes of this section, the following words shall have the meanings provided in this subsection unless the context otherwise requires:   "Electronic terminal" means an unmanned electronic device owned or operated by a federally insured credit union through which a consumer may initiate an electronic fund transfer.   "Electronic fund transfer" means any of the following:   The withdrawal of cash from or the deposit of cash or checks into an unmanned electronic device, such as an automatic teller machine, but not including night depositories;   An application for or acceptance of a loan through use of an unmanned electronic device;   The transfer of funds between accounts through use of an unmanned electronic device; or   The issuance of a check by an unmanned electronic device.       Any state credit union may apply to the Commissioner of Banking and Consumer Finance for permission to establish electronic terminals. The application shall be in such a form as may be prescribed by the commissioner. The commissioner shall approve the electronic terminal when all of the following criteria are met:   The applicant has an examination rating of two (2) or higher;   The applicant has capital ratios equal or exceeding the amount required by the insurer of deposit accounts;   The applicant has no formal or informal enforcement actions outstanding; and   The applicant has demonstrated that its members would be well served by the electronic terminal.     For the use of its electronic terminals connected to sharing networks or systems, a credit union may impose a fee if imposition of the fee is disclosed at a time and in a manner that allows a user to terminate or cancel the transaction without incurring the transaction fee. Such fee shall not exceed Two Dollars ($2.00) or four percent (4%) of the gross amount of the transaction, whichever is greater. An agreement to share electronic terminals shall not prohibit, limit or restrict the right of a credit union to charge such fees for the use of its electronic terminals as allowed by state or federal law, or require a credit union to limit or waive its rights or obligations under this section.
MS Code § 81-13-63 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-63. Taxation

 The credit unions organized hereunder, their property, their franchises, capital, reserves, surpluses, and other funds, and their income shall be exempt from all taxation now or hereafter imposed; except that any real property and any tangible personal property of such credit unions shall be subject to federal, state, county, municipal or other local taxation to the same extent as other similar property is taxed. Nothing herein contained shall prevent holdings in any credit union organized hereunder from being included in the valuation of the personal property of the owners or holders thereof in assessing taxes imposed by authority of the state or political subdivision thereof in which the credit union is located; but the duty or burden of collecting or enforcing the payment of such a tax shall not be imposed upon any such credit union and the tax shall not exceed the rate of taxes imposed upon holdings in federal credit unions.
MS Code § 81-13-69 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-69. Method of voting by members; special meetings; number of votes per member; proxies; matters subject to vote

  The bylaws may provide for the taking of referendum votes by the membership upon questions coming before the membership; such voting to be by mail, or otherwise in writing or a combination of viva voce voting and writing.   Special meetings of the members may be held by order of the board of directors or the supervisory committee, and shall be held on request of ten percent (10%) of the members. At all meetings a member shall have but one (1) vote, irrespective of the number of shares held. No shareholder may vote by proxy, but a society, association, copartnership or corporation having membership in the credit union may be represented and voted by one (1) person duly authorized by such society, association, copartnership or corporation to represent it. Provided that the notice of the meeting has stated the question to be considered, the members may decide on any matter of interest to the corporation, may overrule the directors by a three-fourths (3/4) vote of those present, and may amend the bylaws.
MS Code § 81-13-71 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-71. Penal laws applicable

 The making of a wilfully false affidavit to any statement, report or other document required by law in connection with the establishment or operating of a credit union shall be perjury and punishable as such, according to the general laws of the state and the embezzlement of any of the funds, securities or other property of a credit union, shall be punishable as such according to the general laws.
MS Code § 81-13-73 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-73. Record keeping

 Each credit union shall keep sufficient books and accounts in such form as shall be approved by the Commissioner of Banking and Consumer Finance in accordance with the NCUA guidelines. However, any state credit union may cause any or all records, books and accounts at any time in its custody to be reproduced in a format of storage commonly used, whether electronic, imaged, magnetic, microphotographic, or otherwise, and any reproduction so made shall have the same force and effect as the original thereof and be admitted in evidence equally with the original.
MS Code § 81-13-75 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-75. Conflicting laws repealed

 All laws or parts of laws which otherwise would be in conflict with the provisions of this chapter are to be construed so as not to apply to credit unions to the extent that they would conflict with this chapter but nothing herein shall be taken as repealing any law of the state affecting or regulating the receiving of deposits, the making of loans, the issuance of shares or securities, or the lending of money, or the charging or receiving of interest, except so far as the same applies to and may be involved in or related to the establishment and operating of credit unions.
MS Code § 81-13-79 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-79. Merger of credit unions; certificate of merger; transfer of rights, assets and interests

  Any credit union may, with the approval of the Commissioner of Banking and Consumer Finance or his successor, merge with another credit union under the existing charter of the other credit union, pursuant to any plan agreed upon by the majority of each board of directors of each credit union joining in the merger, and approved by the affirmative vote of a majority of the members of the merging credit union present at a meeting of its members duly called for such purpose, and consented to by any government agency or other organization insuring the accounts of the credit union. Provided, however, such merger shall not be in violation of the provision of Section 81-13-13, which requires a common bond of occupation, association or residence within groups which are members of a credit union.   After agreement by the directors and approval by the members of the merging credit union, the president and secretary of the credit union shall execute a certificate of merger, which shall set forth all of the following:   The time and place of the meeting of the board of directors at which the plan was agreed upon;   The vote in favor of the adoption of the plan;   A copy of the resolution or other action by which the plan was agreed upon;   The time and place of the meeting of the members at which the plan agreed upon was approved; and   The vote by which the plan was approved by the members.     Such certificate and a copy of the plan of merger agreed upon shall be forwarded to the Commissioner of Banking and Consumer Finance or his successor, certified by him, and returned to both credit unions within thirty (30) days.   Upon return of the certificate from the commissioner or his successor, all property, property rights and members' interest of the merged credit union shall vest in the surviving credit union without deed, endorsement or other instrument of transfer, and all debts, obligations and liabilities of the merged credit union shall be deemed to have been assumed by the surviving credit union under whose charter the merger was effected. The rights and privileges of the members of the merged credit union shall remain intact.   This section shall be construed, whenever possible, to permit a credit union chartered under any other law to merge with one chartered under Section 81-13-1 et seq., or to permit one chartered under Section 81-13-1 et seq. to merge with one chartered under any other law.
MS Code § 81-13-81 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 13 - Credit Unions|§ 81-13-81. Approval of foreign credit unions

  No credit union, except credit unions organized under the laws of the United States or under this chapter, shall do business in this state until it has received approval from the Commissioner of the Department of Banking and Consumer Finance.   The commissioner may approve the operation of such a credit union in this state after finding that:   The field of membership to be served by such credit union is not now being adequately served;   There is a need for such credit union to conduct business in the state to adequately serve its members and not merely to solicit new membership;   The credit union is financially solvent;   The credit union's accounts are insured by the National Credit Union Administration or its successor; and   The credit union has executed an agreement with the commissioner to:   Submit a copy of its annual regulatory examination report;   Designate a resident agent;   Inform members that it is not regulated, insured or supervised by the State of Mississippi; and   Agree to fully comply with the provisions of the Mississippi credit union laws, rules and regulations.       The commissioner may prohibit any such credit union from doing business within the state, or disapprove an application, or suspend or revoke one previously issued, if he finds the credit union not conforming to Mississippi credit union laws, rules and regulations, or finds that twenty-five percent (25%) or more of the credit union's members are, or are expected to be residents of Mississippi.
MS Code § 81-15-1 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-1. Title

 This chapter shall be known as the "Mississippi Rural Credit Law."
MS Code § 81-15-3 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-3. Purpose

 The purpose of this chapter is to promote the welfare of agriculture and to provide ways and means by which the credit facilities of the Federal Intermediate Credit Bank, now established at New Orleans, Louisiana, may be available to the agricultural and live stock interests of this state.
MS Code § 81-15-5 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-5. Definition of term

 The word "organization" as used herein shall be construed to mean "agricultural credit corporation" or "agricultural credit cooperative association."
MS Code § 81-15-7 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-7. Number of incorporators required; general provisions

 Five or more natural persons may unite to form an agricultural credit corporation, the capital stock of which shall be paid in cash and shall not be for less amount than $10,000.00.   Any one or more state banks, any one or more national banks, or any one or more state and national banks may form, or unite to form, an agricultural credit corporation under the provisions hereof as a separate and distinct crediting institution. The capital stock of any such corporation shall not be for a less amount than $10,000.00, which must be paid up in cash. Any bank desiring to form an agricultural credit corporation, or any bank desiring to subscribe to stock in any agricultural credit corporation formed under the provisions hereof is hereby authorized and empowered to subscribe for any such stock, using any money that may be available, and not required by the banking law to be set aside for surplus account, to pay therefor; and for the same purpose, any bank organized under the laws of Mississippi is hereby authorized and empowered to borrow money.   No organization formed under the provisions hereof shall be subject to the control, management, or supervision of the department of bank supervision.   The directors of any national farm loan association chartered under the provisions of the Federal Farm Loan Act and doing business in this state may organize an agricultural credit cooperative association on an accumulative capital stock plan similar to the method provided for national farm loan associations in the Federal Farm Loan Act, and do business with the members of said national farm loan association, or with other qualified persons. The directors of said association shall hold office until the first annual meeting, when the directors shall be elected by the members from among their number.   Ten or more persons engaged in producing, or producing and marketing, staple agricultural products, or live stock, may unite to form an agricultural credit cooperative association, with or without capital stock, and, if with capital stock, either on the paid up cash plan or on an accumulative plan, said capital stock increasing with and in the proportion as its loans increase, as provided by the bylaws.   Any agricultural credit cooperative association organized hereunder may provide that capital stock shall be paid in cash or that it may be payable out of the loan when made by said association to a member.
MS Code § 81-15-9 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-9. Articles and bylaws subscribed to

 Those desiring to organize hereunder shall subscribe to, and duly acknowledge, articles of association and bylaws.   The articles of association shall set forth the name of the organization which shall include the words "agricultural credit"; the principal place of business; the term of years the organization is to exist; the name and addresses of the persons who are to act as directors and officers until the first annual meeting; and when the organization is one with capital stock, the amount of capital stock and the par value of the shares which shall not be less than $5.00 each.   The bylaws shall specify the powers of the organization, the powers and duties of the directors, the powers and duties of the respective officers, the manner and method of conducting the business of said organization and all rules and regulations that may be necessary for the proper management of said organization. The bylaws cannot be changed except as hereinafter provided. The bylaws shall be binding on such organization, the members and the stockholders thereof, and on all with whom such organization does business, and shall have the full force and effect of law.   The articles of association and bylaws shall be subscribed to and acknowledged in triplicate, and submitted to the Federal Intermediate Credit Bank of New Orleans, Louisiana, for approval. When said bank approves such articles of association and bylaws and attests thereto, said articles of association and said bylaws shall be immediately forwarded to the secretary of state, with the fee for recording and certifying same as provided for in the chapter on corporations, if an agricultural credit corporation, and with a fee of five dollars in lieu of the above fee if an agricultural credit cooperative association. Said articles of association shall thereupon be examined by the Attorney-General and be submitted to the governor for his approval or disapproval as in the case of other domestic corporations, except that no publication and proof thereof shall be first required. When a copy of said articles shall have been approved by the governor and returned to the secretary of state for record, the secretary of state shall record same as now provided by law and shall also forward a certified copy of said articles of association and bylaws to be recorded as required by § 189 of the Constitution, in the office of the chancery clerk of the county in which the principal office or place of business be located. After approval and recordation as set out above, said organization shall have the power to do business.
MS Code § 81-15-11 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-11. Amendment of bylaws

 The bylaws of any organization formed hereunder may be amended by a majority vote of the stock held by those present at any meeting at which a quorum attends, the notice of which meeting shall have been given in accordance with the bylaws and shall have stated the purport of the proposed amendment and the intention to bring it up for consideration. Such amendment shall not become effective until it has been approved by the Federal Intermediate Credit Bank, and a copy recorded in the office of the chancery clerk of the county in which such organization has its domicile.
MS Code § 81-15-13 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-13. Organizations may discount or sell paper to Federal Intermediate Credit Bank

 Agricultural credit corporations and agricultural credit cooperative associations organized hereunder shall have power to discount with, or sell to the Federal Intermediate Credit Bank of New Orleans, Louisiana, any note, draft, bill of exchange, debenture, or other obligation, the proceeds of which have been advanced or used in the first instance for any agricultural purpose, or for the raising, breeding, fattening, or marketing of live stock, provided the amount of such paper added to the aggregate liabilities of such corporation or association does not exceed ten times the paid in and unimpaired capital and surplus of such corporation or association.
MS Code § 81-15-15 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-15. Organizations may borrow money from Federal Intermediate Credit Bank

 Any agricultural credit cooperative association organized hereunder shall have power, and is hereby authorized to borrow money from said Federal Intermediate Credit Bank on its notes or like instruments of indebtedness, when such notes or like instruments of indebtedness are secured by warehouse receipts or shipping documents covering such products, and in the case of live stock by mortgages on the same. No money thus borrowed shall exceed seventy-five percent of the market value of the products covered by said warehouse receipts or shipping documents, or of the live stock covered by said mortgages.
MS Code § 81-15-17 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-17. Discount of note or other obligation to be approved; when interest above eight percent permitted

 No organization hereby authorized shall, without the approval of the Federal Farm Loan Board, discount any note or other obligation, upon which the original borrower has been charged a rate of interest exceeding by more than one and one-half percent per annum the discount rate of said Federal Intermediate Credit Bank at the time the loan was made. But any organization hereby authorized may charge the original borrower a rate of interest equal to the current discount rate of said Federal Intermediate Credit Bank plus such excess as may be approved by the Federal Farm Loan Board, and if such rate shall amount to more than eight percent per annum the same shall not invite any penalty, nor constitute a violation of any interest or usury law of this state.
MS Code § 81-15-19 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-19. Limit of capital stock to be used for certain purposes

 No organization provided for herein shall have power to use or invest more than twenty percent of its capital stock for organization, current expenses, rent, personal or real property necessary for its use in conducting its business, or for providing warehouses or warehouse facilities.
MS Code § 81-15-21 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-21. Officers, directors and stockholders not to be liable

 No officer, director, nor stockholder of any organization doing business hereunder shall be individually or personally liable for the debts of said association or corporation.
MS Code § 81-15-23 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-23. Powers of corporation

 Organizations provided for hereunder shall have all the usual powers of corporations, and to sue and be sued both in law and in equity.
MS Code § 81-15-25 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-25. May provide warehouses

 Any organization herein provided for may acquire, purchase, own, or lease, and control and operate suitable warehouses for the safe storing of such agricultural products as may be produced by its borrowers, or by its members; and whenever it is deemed expedient to utilize the United States Warehouse Act, said organization shall have the power to do any and all things necessary to enable it to comply with the provisions of said act of congress.   Any exemptions under any and all existing laws applying to agricultural products in the possession or under the control of the individual producer shall apply similarly and completely to such products delivered by its farmer members in the possession or under the control of any organization provided for herein.
MS Code § 81-15-27 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-27. May contract with warehouse

 Any organization herein provided for shall have power to contract with any existent warehouse, whether under control of the United States Warehouse Act or whether under the control of any law of Mississippi for storage therein of agricultural products produced by borrowers or members.
MS Code § 81-15-29 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-29. Money loaned exempt

 All money loaned by any organization provided for herein shall be exempt from taxation.
MS Code § 81-15-31 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 15 - Mississippi Rural Credit Law|§ 81-15-31. Amount of capital stock necessary for certain powers

 Any corporation, or cooperative association, organized under the laws of this state, having paid up capital of $10,000.00, or more, and in the business of making advances for agricultural purposes shall have power to do business hereunder by amending its charter and by submitting its articles of association and by-laws, attested by its proper officer, to the Federal Intermediate Credit Bank, New Orleans, Louisiana, for approval, and by recording an approved copy of the same as required above and by complying with the provisions above.