reglab/housing_qa huggingface dataset:
MS Code § 81-12-71 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-71. Annual meeting of members of association; voting; quorum

  An annual meeting of the members of each mutual association shall be held as fixed in the bylaws of such association. Special meetings may be called as provided in the bylaws.   The members who shall be entitled to vote at any meeting of the members shall be those who are members of record at the end of the calendar month next preceding the date of the meeting of members, except those who have ceased to be members. The number of votes which members shall be entitled to cast shall be in accordance with the books on the said date determinative of entitlement to vote.   In the determination of all questions requiring action by the members, each member shall be entitled to cast one (1) vote, plus an additional vote for each One Hundred Dollars ($100.00) or fraction thereof of the withdrawal value of savings accounts, if any, held by such member. No member, however, shall cast more than four hundred (400) votes.   Voting by proxy at a meeting shall be permitted as set forth in the bylaws of the association. Constitution of a quorum shall be set forth in the bylaws of the association.
MS Code § 81-12-73 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-73. Annual meeting of stockholders of capital stock associations; notice; voting; quorum

  An annual meeting of stockholders of capital stock associations shall be held as fixed in the bylaws of the association. Whenever the provisions of this chapter, the articles of incorporation, or the bylaws require or authorize the stockholders to take any action at an annual or special meeting, a notice of such meeting, signed by the secretary or other officer permitted by the bylaws, shall be mailed to each stockholder entitled to vote at such meeting, at his address as it appears on the records of the corporation, not less than ten (10) nor more than sixty (60) days before the date set for such meeting. The articles of incorporation or bylaws may require that such notice also be published in one or more newspapers. The notice shall state the purpose of the meeting, a general statement of the business to be transacted, and the time and place it is to be held. Such notice shall be sufficient for said meeting and any adjournment thereof unless otherwise provided in the articles of incorporation or bylaws. If any stockholder shall transfer any of his stock after notice, it shall not be necessary to notify the transferee. Such meetings shall be held within the state and within the county in which the home office of the association is located. Any stockholder may waive notice of any meeting either before, at or after the meeting.   Unless otherwise provided in the articles of incorporation, every such stockholder shall be entitled at such meeting, and upon each proposal presented at such meeting, to one (1) vote for each share of voting stock recorded in his name on the books of the corporation on the record date fixed as above provided or, if no such record date was fixed, on the day of meeting. The books of record of stockholders shall be produced at any stockholders' meeting upon the request of any stockholder.   The stockholders record date and voting by proxy at any meeting shall be established and permitted, respectively, as set forth in the bylaws of the association. Constitution of a quorum shall be set forth in the bylaws of the association.
MS Code § 81-12-75 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-75. Membership fees prohibited

 An association shall not directly or indirectly charge any membership, admission, withdrawal or any other fee or sum of money for the privilege of becoming, remaining or ceasing to be a member or savings account holder of the association.
MS Code § 81-12-79 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-79. Call reports

 The commissioner shall call upon each association for the reports required in this section. Such calls shall be made by the commissioner in writing by letter or other similar means of written communications for the same dates and as often as calls are issued by the appropriate federal regulating authority for reports from federal associations. The commissioner shall prescribe the forms for such reports. The reports shall be sworn to by either the president, vice president or cashier of the association making them, attested by not less than two (2) of the board of directors, and shall exhibit in detail, under appropriate heads, the total resources and total liabilities of the association on the day specified by the commissioner. Associations shall transmit to the department such call reports within a time limitation established by regulation by the commissioner; however, such time limitation cannot exceed that set by the Federal Deposit Insurance Corporation for state insured associations. For any failure or delay in furnishing this report, the president, vice president or cashier of any such association, so in default, and the members of the board of directors of the association refusing to attest the report, shall be subject to an administrative fine, which may be imposed by the commissioner, of Fifty Dollars ($50.00) a day for each day while in such default.
MS Code § 81-12-85 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-85. Bonding of association's officers, attorneys, employees, agents and directors

 Each association shall provide and maintain a fidelity bond covering its officers, attorneys, employees, agents and directors when performing the duties of officers or employees, in the form and amount required by the commissioner, but in no event less than One Hundred Thousand Dollars ($100,000.00). No bond coverage will be required of any agent which is a financial institution insured by the Federal Deposit Insurance Corporation. Such bonds shall provide that a cancellation thereof either by the surety or by the insured shall not become effective unless and until thirty (30) days' notice in writing first shall have been given to the commissioner, unless he shall have approved such cancellation earlier.
MS Code § 81-12-89 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-89. Deposit of association funds; approval by directors

 No association shall deposit any of its funds, except with a depository approved by a vote of a majority of the directors authorized by the association, any director who is an officer, partner, director, or trustee of the depository so designated taking no part in such vote.
MS Code § 81-12-91 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-91. Indemnification of director, officer or employee for expenses of action to which he is made a party by reason of his position

 Any person may be indemnified or reimbursed by the association for reasonable expenses, including, but not limited to, attorney's fees actually incurred by him in connection with any action, suit or proceeding, instituted or threatened, judicial or administrative, civil or criminal, to which he is made a party by reason of his being or having been a director, officer or employee of an association; however, no person shall be so indemnified or reimbursed, nor shall he retain any advancement or allowance for indemnification which may have been made by the association in advance of final disposition, in relation to such action, suit or proceeding in which and to the extent that he finally shall be adjudicated to have been guilty of a breach of good faith, to have been negligent in the performance of his duties or to have committed an action or failed to perform a duty for which there is a common law or a statutory liability. In addition, a person may, with the approval of the commissioner, be so indemnified or reimbursed for:   Amounts paid in compromise or settlement of any action, suit or proceeding, including reasonable expenses incurred in connection therewith; or   Reasonable expenses, including fines and penalties, incurred in connection with a criminal or civil action, suit or proceeding in which such person has been adjudicated guilty, negligent or liable, if it shall be determined by the board of directors and the commissioner that such person was acting in good faith and in what he believed to be the best interests of the association and without knowledge that the action was illegal and if such indemnification or reimbursement is approved at an annual or special meeting of the members or stockholders by a majority of the votes eligible to be cast. Amounts paid to the association, whether pursuant to judgment or settlement by any person within the meaning of this section, shall not be indemnified or reimbursed in any case.
MS Code § 81-12-93 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-93. Management contracts

 No association shall make any management contract with any person or persons extending for more than three (3) years. Contracts in excess of one (1) year shall first be approved by the commissioner. No such contract shall permit an association to be managed on a commission basis.
MS Code § 81-12-95 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-95. Records; minutes of meetings; business transactions

 Every association shall keep at the home office correct and complete minutes of the proceedings and meetings of members, stockholders, directors and the executive committee. Complete records of all business transacted at the home office shall be maintained at the home office, and control records of all business transacted at each branch office or agency shall be maintained at the home office, except as permitted below. However, any state savings association may cause any or all records 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 § 81-12-97 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-97. Records; branch offices; agents

  Each branch office shall keep detailed records of all transactions at such branch office and shall furnish full control records to the home office, except as permitted below.   Each agent of an association shall keep an original record of each transaction of business of the association and shall report promptly to the home office. Complete detailed permanent records of such transactions are not required to be maintained at such agency.
MS Code § 81-12-99 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-99. Records; maintenance by means of data processing services

 An association which determines to maintain any of its records by means of data processing services shall so notify the commissioner, in writing, at least ninety (90) days prior to the date on which such maintenance of records will begin. Such notification shall include identification of the records to be maintained by data processing services and a statement as to the location at which such records will be maintained. Any contract, agreement or arrangement made by an association pursuant to which data processing services are to be performed for such association shall be in writing and shall expressly provide that the records to be maintained by such services shall at all times be available for examination and audit.
MS Code § 81-12-101 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-101. Records; forms and accounting principles; closing of books; description of assets

  Every association shall use such forms and observe such accounting principles and practices as the commissioner may require from time to time.   Every association shall close its books annually.   No association by any system of accounting or any device of bookkeeping shall, either directly or indirectly, enter any of its assets upon its books in the name of any other person, partnership, association or corporation or under any title or designation that is not truly descriptive of such assets.
MS Code § 81-12-103 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-103. Records; overvaluation of assets

 The commissioner, after a determination of value made in accordance with Section 81-12-177(8), may order that assets, individually or in the aggregate, to the extent that such assets are overvalued on an association's books, be charged off, or that a special reserve or reserves equal to such overvaluation be set up by transfers from undivided profits or reserves.
MS Code § 81-12-105 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-105. Records; real estate investments; appraisal

  An association shall not carry any real estate on its books at a sum in excess of the total amount invested by such association on account of such real estate, including advances, costs, and improvements but excluding accrued but uncollected interest.   Every association shall have appraised each parcel of real estate immediately following acquisition thereof. The report of each such appraisal shall be submitted in writing to the board of directors and shall be kept in the records of the association. In addition to his powers under Section 81-12-177(8) of this chapter, the commissioner may require the appraisal of real estate securing loans which are delinquent more than four (4) months.
MS Code § 81-12-107 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-107. Records; loan and investment

 Every association shall maintain complete loan and investment records in a manner prescribed by the commissioner. Detailed records necessary to make determinations of compliance by an association with the investment, liquidity, loan and other provisions of this chapter shall be maintained consistently and at all times, the record of each real estate loan or other secured loan or investment containing documentation to the satisfaction of the commissioner of the type, adequacy and completion of the security.
MS Code § 81-12-109 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-109. Records; membership and stockholder

 Every association shall maintain membership and stockholder records, which shall show the name and address of the member or stockholder, the status of the member as a savings account holder, or an obligor, or a savings account holder and obligor, and the date of membership or ownership of stock. In the case of members holding a savings account the association shall obtain a savings account contract containing the signature of each holder of such account or his duly authorized representative, and shall preserve such contract in the records of the association.
MS Code § 81-12-111 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-111. Records; reproduction by photostatic, photographic or microfilming process

 Any association may cause any or all records kept by such association to be copied or reproduced by any photostatic, photographic or microfilming process which correctly and permanently copies, reproduces or forms a medium for copying or reproducing the original record on a film or other durable material, and such association may thereafter dispose of the original record. Any such copy or reproduction shall be deemed to be an original record for all purposes and shall be treated as an original record in all courts or administrative agencies for the purpose of its admissibility in evidence. A facsimile, exemplification or certified copy of any such copy or reproduction reproduced from a film record shall, for all purposes, be deemed a facsimile, exemplification or certified copy of the original record.
MS Code § 81-12-113 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-113. Reserves

 Every association shall set up and maintain the reserves required by the board and may set up and maintain such additional reserves as are permitted by this chapter. The commissioner shall fix the amount of each association's separate reserve account to be set up and maintained for the sole purpose of absorbing losses (termed in this chapter "general reserve"), but in no event shall such amount of such general reserve be less than the amount required by the Federal Deposit Insurance Corporation. Transfers to general reserve shall be made at such time or times as set by the commissioner.
MS Code § 81-12-115 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-115. Savings liability of association to equal aggregate amount of savings accounts plus earnings; additions to accounts; responsibility of members for losses; assessment of accounts; declaration of earnings; preferences

 The savings liability of an association is not limited, but shall consist only of the aggregate amount of savings accounts of its members or savings account holders, plus earnings credited to such accounts, less redemption and withdrawal payments. Except as limited by the board of directors from time to time, a member or savings account holder may make additions to his savings accounts in such amounts and at such times as he may elect. The members or savings account holders of an association shall not be responsible for any losses which its savings liability shall not be sufficient to satisfy, and savings accounts shall not be subject to assessment. Earnings shall be declared in accordance with the provisions of this chapter. Except as provided in Section 81-12-153, no association shall prefer one (1) of its savings accounts over any other savings account as to the right to participate in earnings. No preference between savings account members or savings account holders shall be created with respect to the distribution of assets upon voluntary or involuntary liquidation, dissolution or winding up of an association. No association shall issue, sell, negotiate or advertise any type of savings account or debt security, except as authorized by this chapter, nor shall it contract with respect to any savings account or other account in a manner inconsistent with the provisions of this chapter.
MS Code § 81-12-117 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-117. Savings accounts

 Savings accounts may be opened and held solely and absolutely in his own right by, or in trust or other fiduciary capacity for, any person, including an adult or minor individual, male or female, single or married, partnership, association, fiduciary, corporation or by a political subdivision or public or governmental unit, but only to the extent expressly authorized by the statutes of this state. Savings accounts shall be represented only by the account of each savings account holder on the books of the association, and such accounts or any interest therein shall be transferable only on the books of the association and upon proper written application by the transferee and upon acceptance by the association of the transferee as a savings account holder upon terms approved by the board of directors. The association may treat the holder of record of a savings account as the owner thereof for all purposes.
MS Code § 81-12-119 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-119. Savings accounts; execution of contract by holder

 Each holder of a savings account shall execute a savings account contract setting forth any special terms and provisions applicable to such savings account and the ownership thereof and the conditions upon which withdrawals may be made, not inconsistent with the provisions of this chapter.
MS Code § 81-12-121 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-121. Savings accounts; evidence of ownership

 Evidence of ownership of a savings account shall be issued in such form as approved by the commissioner by regulation.
MS Code § 81-12-123 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-123. Savings accounts; lost or destroyed account books or certificates

 Upon the filing with an association by the holder of record as shown by the books of the association, or by his legal representative, of an affidavit to the effect that the account book or certificate evidencing his savings account with the association has been lost or destroyed, and that such account book or certificate has not been pledged or assigned in whole or in part, such association shall issue a new account book or certificate in the name of the holder of record, such evidence stating that it is issued in lieu of the one lost or destroyed, and the association shall in no way be liable thereafter on account of the original account book or certificate, provided that the board of directors shall, if in its judgment it is necessary, require a bond in an amount it deems sufficient to indemnify the association against any loss which might result from the issuance of such new account book or certificate.
MS Code § 81-12-125 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-125. Savings accounts; inducements to open

 The commissioner shall by regulation determine the conditions under which merchandise, things of value or services performed outside the premises of an association may be furnished as an inducement for the opening or increase of any savings account.
MS Code § 81-12-127 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-127. Savings accounts; adverse claims to accounts

 Notice to any association doing business in this state of an adverse claim to an account on its books in the name of any savings account holder shall not be effectual to cause the association to recognize such adverse claimant unless such adverse claimant either procures a restraining order, injunction or other appropriate process against the association from a court of competent jurisdiction in a cause therein instituted by him wherein the savings account holder in whose name the account appears is made a party and served with summons, or shall execute to the association, in form and with sureties acceptable to it, a bond indemnifying it from any and all liability, loss, damage, costs and expenses for and on the account of the payment of such adverse claim.
MS Code § 81-12-129 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 12 - Savings Associations Law|§ 81-12-129. Savings plans at educational institutions

 An association may contract with the proper authorities of any public or nonpublic elementary or secondary school or institution of higher learning, or any public or charitable institution caring for minors, for the participation and implementation by the association in any school or institutional thrift or savings plan, and it may accept savings accounts at such a school or institution, either by its own collector or by any representative of the school or institution which becomes the agent of the association for such purpose.