reglab/housing_qa huggingface dataset:
MS Code § 81-5-95 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|General Provisions|§ 81-5-95. Powers of clearinghouse associations

 Clearinghouse associations, by the action of the members thereof, shall have the power to adopt and enact rules, regulations and bylaws providing: (a) for officers and business agents of such clearinghouse association, and for the maintenance of same; (b) for the conduct of the affairs and business of the association; (c) for the settlement of differences or controversies between members thereof relating to banking transactions; (d) for aid from such clearinghouse association or the members thereof to any bank or member which may become involved or embarrassed; (e) to collect dues and payments as fixed by the bylaws or regulations from members thereof, for any of the purposes of such association; (f) to advance moneys or loans to any member, on deposit of collateral or other securities; (g) to provide uniform charges for collections or orders, for uniform rates of exchange and discounts provided or required by the general laws of the State of Mississippi, and for service charged upon unprofitable accounts, and for handling checks drawn against insufficient funds; (h) and generally to have all other powers usual and customary for clearinghouse associations, to encourage a faithful and honest administration of banking trusts and public duties, to aid in the preservation of public credit and of confidence in the financial system and conditions of the State of Mississippi, and the business communities thereof. All rates, rules, regulations and bylaws promulgated must, before becoming effective, receive the approval of the state comptroller. Discretionary power is vested in the state comptroller to supervise all rates, rules, regulations and bylaws.
MS Code § 81-5-97 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|General Provisions|§ 81-5-97. Banking hours

 The commissioner of banking and consumer finance may, from time to time, adopt and promulgate rules regulating banking hours, and such rules shall have all the force and effect of law. In addition thereto, the commissioner may permit a bank to close its doors for business at such time or times during the week as the commissioner determines will not prevent the rendering of proper and reasonable banking service to the community and trade area in which the bank is located. The commissioner shall not authorize any bank to close for more than one whole day during any week, state and federal legal holidays and Sundays excepted; provided, however, that in the event any state or federal legal holiday shall fall on a Saturday, then the commissioner may permit banks to observe the preceding Friday as a legal holiday, or if such holiday shall fall on Sunday, then the commissioner may permit banks to observe the next following Monday as a legal holiday.
MS Code § 81-5-98 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|General Provisions|§ 81-5-98. Drive-in teller windows and branch offices considered to be branch banks

 Drive-in teller windows and branch offices in operation on July 1, 1986, shall on such date, and thereafter, be considered branch banks for the purpose of applying the branching provisions of this chapter and are authorized to continue operating as branch banks.
MS Code § 81-5-100 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|General Provisions|§ 81-5-100. Establishment of electronic banking terminals

  For the purposes of this section, the following words shall have the meaning herein described unless the context shall otherwise require:   "Electronic terminal" means an unmanned electronic device owned or operated by a federally insured bank or thrift 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.     "Electronic fund transfer" does not mean access to accounts, the application for or acceptance of a loan, the transfer of funds between accounts or other banking services accomplished through the use of a personal computer or telephone.     A state bank or thrift, with the approval of the Commissioner of Banking and Consumer Finance, may establish electronic terminals.   A bank desiring to establish such an electronic terminal shall file with the commissioner a written application requesting authority to establish such a terminal. Upon receipt of such application, the commissioner shall make inquiry into the facts sufficient to enable him to determine whether or not the proposed electronic terminal will provide bank customers with convenient access to the electronic transfer of funds. If the commissioner's finding is favorable to the application, he shall grant the applicant a written permit to establish the terminal. These rights are extended to national banks upon the approval of the Comptroller of the Currency of the United States of America.   For the use of its electronic terminals connected to sharing networks or systems, a bank 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 bank to charge such fees for the use of its electronic terminals as allowed by state or federal law, or require a bank to limit or waive its rights or obligations under this section.
MS Code § 81-5-103 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|General Provisions|§ 81-5-103. General penalty

 Any banker, officer, employee, director or agent of any state bank who shall knowingly or wilfully neglect to perform any duty required by law, where no other penalty is provided or who shall fail to conform to any lawful requirement made by the department of bank supervision shall be guilty of a misdemeanor and upon conviction thereof shall be punished by a fine not to exceed $500.00 or by imprisonment in the county jail not to exceed six months, or by both such fine and imprisonment. And each officer or employee of the department of bank supervision who shall wilfully fail to perform any duty required by law, where no other penalty is prescribed, shall be guilty of a misdemeanor and on conviction thereof shall be punished by a fine not to exceed $500.00 or by imprisonment in the county jail not to exceed six months, or by both such fine and imprisonment.
MS Code § 81-5-105 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|General Provisions|§ 81-5-105. Standard of care for bank directors established

  Bank and bank holding company officers and directors shall be deemed to stand in a fiduciary relationship to their bank or bank holding company and its stockholders and shall discharge the duties of their respective positions in good faith and with that diligence, care, judgment and skill as provided in subsection (2) of this section. Nothing contained in this section shall derogate from any indemnification authorized by either state or federal law.   A director or officer of a bank or bank holding company shall not be held personally liable to the corporation or its successor, or the shareholders thereof, for monetary damages unless the director or officer acted in a grossly negligent manner as defined in subsection (5) of this section or engaged in conduct which demonstrates a greater disregard of the duty of care than gross negligence, such as intentional tortious conduct or intentional breach of his duty of loyalty or intentional commission of corporate waste.   A director of a bank or bank holding company shall, in the performance of his duties, be fully protected in relying in good faith on the records of the bank or bank holding company and in relying in good faith upon information, opinions, reports or statements presented to him, to the bank or bank holding company, to the board of directors or to any committee thereof by any of the bank's or bank holding company's officers or employees or by any committee of the board of directors, or by any counsel, appraiser, engineer or independent or certified public accountant selected with reasonable care by the board of directors or any committee thereof or by any officer having the authority to make such selection or by any other person as to matters the director in good faith believes are within such selected person's professional or expert competence, such person having been selected in good faith by the board of directors or any committee thereof or any officer having the authority to make such selection.   Notwithstanding any other law to the contrary, the provisions of this section are the sole and exclusive law governing the relation and liability of directors and officers to their bank or bank holding company, or their successor, or to the shareholders thereof, or to any other person or entity. The provisions of this section shall be retroactive.   As used in this section, the term "gross negligence" means a reckless disregard of, or a carelessness amounting to gross indifference to, the best interests of the bank or bank holding company or the shareholders thereof, and involves a substantial deviation below the standard of care expected to be maintained by a reasonably careful person under like circumstances.   The provisions of this section shall not affect the application of common law or any other statute relating to the duties of officers and directors of other corporate entities.
MS Code § 81-5-151 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 5 - General Provisions Relating to Banks and Banking|Depository Financial Institutions Self-evaluation Reports|§ 81-5-151. Definitions

 For purposes of Sections 81-5-151 and 81-5-153, the following words and phrases shall have the meanings ascribed herein, unless the context requires otherwise:   "Bank" shall have the same definition as set forth in Section 81-3-1 and shall include the bank holding company, affiliates, and subsidiaries of a bank.   "Self-assessment" means a voluntary, self-initiated internal assessment, audit or review of a bank, its practices, policies and procedures or the bank's review of a facility or activity at a facility acting under contract as the bank's service provider, including, but not limited to, mortgage servicers and sub-servicers, credit and debit card processors, and providers of loan document systems.   "Self-assessment report" means any document, including any audit, report, finding, communication or opinion or any draft of an audit, report, finding, communication or opinion, prepared by internal personnel or by outside attorneys, accountants or consultants as a part of or in connection with a self-assessment that is made in good faith, and which report is not published outside the bank unless publication is made to bank regulators or to third parties acting pursuant to an agreement to preserve its confidentiality. Such agreement to preserve confidentiality need not be in writing and may be evidenced by an indication of confidentiality on the face of any such self-assessment report, or by a verbal agreement regarding its confidentiality.   "Bank regulators" means any state, federal or municipal governmental agency, bureau, commission, office or other governmental entity charged with the regulation and/or supervision of a bank or regulation or supervision of any activity in which a bank may be engaged. The term shall include, but is not limited to, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the Fair Trade Commission, and the Mississippi Department of Consumer Finance and Banking.   "Banking law" means any federal, state or local statute, rule or regulation affecting or governing a bank or any activity in which a bank is or may be engaged, or any order, award, agreement, release, permit, license, standard or notice or issued by a federal, state or local court, agency, or governmental authority in pursuance thereof.
MS Code § 81-14-1 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 1 - General Provisions|§ 81-14-1. Short title

 This chapter shall be known and may be cited as the "Savings Bank Law."
MS Code § 81-14-3 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 1 - General Provisions|§ 81-14-3. Purpose

 The purpose of this chapter is:   To provide for affordable housing resources for citizens of this state by promoting and preserving a system of thrift institutions that are locally owned and controlled;   To provide for the safe and sound conduct of the business of savings banks, the conservation of their assets and the maintenance of public confidence in savings banks;   To provide for the protection of the interests of customers and members;   To provide the opportunity for savings banks to remain competitive with each other and with other depository institutions existing under other state and federal laws;   To provide for an increase in the savings base of the state and for local control of the means of finance and accumulation of capital;   To provide the opportunity for the management of savings banks to exercise prudent business judgment in conducting the affairs of savings banks to the extent compatible with the purposes recited in this section; and   To provide adequate rule making power and administrative discretion so that the regulation and supervision of savings banks are readily responsive to changes in local economic conditions and depository institution practices.
MS Code § 81-14-5 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 1 - General Provisions|§ 81-14-5. Applicability of chapter

 The provisions of this chapter, unless the context otherwise specifies, shall apply to all state savings banks.
MS Code § 81-14-51 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 2 - Incorporation and Organization|§ 81-14-51. Hearings

 Any hearing required to be held by this chapter shall be conducted in accordance with applicable provisions as prescribed by the commissioner.
MS Code § 81-14-53 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 2 - Incorporation and Organization|§ 81-14-53. Application of chapter on business corporations

 All the provisions of law relating to private corporations operating in this state which are not inconsistent with this chapter, or with the proper business of depository institutions, shall be applicable to all state savings banks.
MS Code § 81-14-55 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 2 - Incorporation and Organization|§ 81-14-55. Scope and prohibitions; existing charters; injunctions

  Nothing in this chapter shall be construed to invalidate any charter that was valid prior to the enactment of this chapter. Any savings bank chartered pursuant to this chapter shall use the letters "SSB" in its legal name.   Except as provided in subsection (1), no person or group of persons, nor any corporation, company or savings bank that is not incorporated and licensed in accordance with the provisions of this chapter or federal law to operate a savings bank shall operate as a savings bank. Unless so authorized as a state or federal savings bank and engaged in transacting a depository institution business, no person or group of persons, nor any corporation, company or savings bank domiciled and doing business in this state shall:   Use in its name the term "savings bank" or words of similar import or connotation that lead the public reasonably to believe that the business so conducted is that of a savings bank; or   Use any sign, or circulate or use any letterhead, billhead, circular or paper whatsoever, or advertise or communicate in any manner, that would lead the public reasonably to believe that it is conducting the business of a savings bank.     Upon application by the commissioner or by any savings bank, a court of competent jurisdiction may issue an injunction to restrain any person or entity from violating any of the foregoing provisions of subsection (2).
MS Code § 81-14-57 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 2 - Incorporation and Organization|§ 81-14-57. Application to organize savings bank

  Any five (5) or more natural persons (hereinafter referred to as "incorporators"), a majority of whom shall be domiciled in this state, may make application to organize a savings bank in order to promote the purpose of this chapter. The incorporators shall file with the commissioner a preliminary application to organize a state savings bank in the form to be prescribed by the commissioner, together with the proper nonrefundable application fee.   The application to organize a state savings bank shall be received by the commissioner not less than sixty (60) days prior to the scheduled consideration of the application by the board, and it shall contain:   The original and two (2) copies of the certificate of incorporation, signed by a majority of the original incorporators, which shall not be less than five (5), and properly acknowledged by a person duly authorized by this state to take proof of acknowledgment of deeds;   The names and addresses of the incorporators and the initial members of the board of directors;   Statements of the anticipated receipts, expenditures, earnings and financial condition of the savings bank for its first three (3) years of operation, or such longer period as the commissioner may require;   A showing satisfactory to the board that:   The public convenience and advantage will be served by the establishment of the proposed savings bank;   There is a reasonable demand and necessity in the community which will be served by the establishment of the proposed savings bank;   The proposed savings bank will have a reasonable probability of sustaining profitable and beneficial operations within a reasonable time in the community in which the proposed savings bank intends to locate;   The proposed savings bank will promote healthy and effective competition in the community by the delivery to the public of savings institution services;     The proposed bylaws;   Statements, exhibits, maps and other data which may be prescribed or required by the commissioner, which data shall be sufficiently detailed so as to enable the commissioner to pass upon the criteria set forth in this article.     The application shall be signed by a majority of the original incorporators, which shall not be less than five (5), and shall be properly acknowledged by a person duly authorized by this state to take proof and acknowledgment of deeds.
MS Code § 81-14-61 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 2 - Incorporation and Organization|§ 81-14-61. Commissioner to consider application

 Upon receipt of an application to organize and establish a savings bank, the commissioner shall examine or cause to be examined all the relevant facts connected with the formation of the proposed savings bank. If it appears to the commissioner that the proposed savings bank has complied with all the requirements set forth in this chapter and the rules and regulations for the formation of a savings bank and is otherwise lawfully entitled to be organized and established as a savings bank, the commissioner shall present the application to the board for its consideration.
MS Code § 81-14-65 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 14 - Savings Bank Law|Article 2 - Incorporation and Organization|§ 81-14-65. Board to review findings and recommendations of commissioner

  If the commissioner does not have the completed application within one hundred twenty (120) days of the filing of the preliminary application, the application shall be returned to the applicants.   When the commissioner has completed his examination and investigation of the facts relevant to the establishment of the proposed savings bank, he shall present his findings and recommendations to the board at a public hearing. The board must approve or reject an application within one hundred eighty (180) days of the submission of the preliminary application.   Not less than forty-five (45) days prior to the public hearing held for the consideration of the application to establish a savings bank, the incorporators shall publish a notice in a newspaper of general circulation in the area to be served by the proposed savings bank. Such notice shall contain:   A statement that the application has been filed with the commissioner;   The name of the community where the principal office of the proposed savings bank intends to locate;   A statement that a public hearing shall be held to consider the application;   A statement that any interested or affected party may file a written statement either favoring or protesting the creation of the proposed savings bank. Such statement must be filed with the commissioner within thirty (30) days of the date of publication; and   When a certificate of incorporation is sought in order to effect the acquisition of an insolvent financial institution that is being sold pursuant to the provisions of state or federal law, any constraints of time imposed herein shall not apply if the commissioner determines that an emergency exists which requires expedition in granting a certificate in order to protect the interests of the public and the interests of the depositors and creditors of the financial institution.     The board, at the public hearing, shall consider the findings and recommendation of the commissioner and shall hear such oral testimony as the commissioner may wish to give or be called upon to give, and shall also receive information and hear testimony from the incorporators of the proposed savings bank and from any and all other interested or affected parties. The board shall hear only testimony and receive only information which is relevant to the consideration of the application and the operation of the proposed savings bank.