reglab/housing_qa huggingface dataset:
MS Code § 81-25-123 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-123. Application procedures

  A foreign bank making an application for a license to establish and maintain a Mississippi representative office shall deliver to the commissioner two (2) (or more as the commissioner may require by regulation) duplicate originals of the foreign bank's application.   The commissioner shall issue a license to a foreign bank to establish and maintain a Mississippi representative office if he or she finds that:   The foreign bank is of good character and sound financial standing;   The management of the foreign banks and the proposed management of the Mississippi representative office are adequate; and   The convenience and needs of persons to be served by the proposed Mississippi representative office will be promoted.     If the commissioner determines to issue a license to a foreign bank to establish and maintain a Mississippi representative office, he or she shall, when all fees have been paid as required under this chapter:   Endorse on each duplicate original of the application the word "Filed," and the date of the filing thereof and return to the foreign bank one (1) such duplicate original so endorsed;   File in his or her office one (1) of such duplicate originals of the application; and   Issue a license to establish and maintain a Mississippi representative office to such foreign bank.     Each license issued to a foreign bank to establish and maintain a Mississippi representative office shall state fully the name of the foreign bank to which such license is issued, the address or addresses at which such Mississippi representative office is to be located and all such other information as the commissioner may require by regulation.
MS Code § 81-25-125 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-125. Permissible activities

  A foreign bank which is licensed to establish and maintain a Mississippi representative office may, subject to such regulations as the commissioner may prescribe, engage in the following activities:   Solicitation for loans and in connection therewith the assembly of credit information, making of property inspections and appraisals, securing of title information, preparation of applications for loans including making recommendations with respect to action thereon, solicitation of investors to purchase loans from the foreign bank, and the search for such investors to contract with the foreign bank for servicing of such loans;   The solicitation of new business;   The conduct of research; and   Back office administrative functions as may be more specifically defined in regulations issued by the commissioner.  Any other activity which the foreign bank seeks to conduct at such office shall be subject to the prior written approval of the commissioner by general regulation or upon application in such form as the commissioner shall require by regulation or order.      Notwithstanding subsection (1), a Mississippi representative office that is a regional administrative office of the foreign bank, as may be defined more fully by the commissioner in regulations and orders, may engage in credit approval activities if the foreign bank (a) gives forty-five (45) days prior written notice to the commissioner; and (b) the commissioner does not object within such forty-five (45) day period to the conduct of such activities by the Mississippi representative office. Written notice under this subsection shall be in such a form and contain such information as the commissioner shall require by regulation or order.
MS Code § 81-25-127 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-127. Revocation of license

 The commissioner, after notice and opportunity for a hearing, may revoke a license to establish and maintain a Mississippi representative office if he or she finds:   The foreign bank has violated any provision of this chapter or any other law, rule or regulation of the State of Mississippi; or   Any fact or condition exists which, if it had existed at the time of the foreign bank's original application for such license, would have resulted in the commissioner refusing to issue such license to the foreign bank.
MS Code § 81-25-129 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-129. Posting of license

 Each foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall post its license in a conspicuous place at such office.
MS Code § 81-25-131 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-131. License transfer restriction

 No license issued by the commissioner in accordance with this chapter shall be transferable or assignable.
MS Code § 81-25-133 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-133. Filing of instrument to appoint commissioner as agent, representative and attorney

  A foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency, or Mississippi representative office shall file with the commissioner an instrument irrevocably appointing the commissioner and his or her successors in office to be such foreign bank's agent, representative and attorney to receive service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in the State of Mississippi after such appointment has been filed, with the same force and validity as if served directly on the foreign bank or its successor, as the case may be. Such appointment shall be in such form and contain such information as the commissioner may require by regulation or order.   Any foreign bank which establishes a Mississippi state branch, Mississippi state agency or Mississippi representative office and which has not filed with the commissioner an instrument pursuant to subsection (1) of this section shall be deemed by the establishment of such office to have appointed the commissioner as its agent, representative and attorney to receive service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in the State of Mississippi, with the same force and validity as if served directly on the foreign bank or its successor, as the case may be.
MS Code § 81-25-135 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-135. Service of processes, notices and demands

  Service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in this state shall be made on the commissioner by delivering to and leaving with him or her, or with any official having charge of his or her office, duplicate copies of such process, notice or demand. If any process, notice or demand is served on the commissioner, he or she shall immediately cause a copy thereof to be forwarded by registered mail addressed to such foreign bank at its principal office as the same appears in his or her records. Any service so had on the commissioner shall be returnable in not less than thirty (30) days.   Nothing in this chapter limits or affects the right to serve any process, notice or demand required or permitted by law to be served upon a foreign corporation in any other manner now or hereafter permitted by law.   The commissioner shall keep a record of all processes, notices and demands served upon him or her under this section and shall record therein the time of such service and his or her action with reference thereto.
MS Code § 81-25-137 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-137. Filing of amendments to articles of incorporation

 A foreign bank which is licensed to maintain a Mississippi state branch or Mississippi state agency, whenever its articles of incorporation are amended, shall forthwith file in the office of the commissioner a copy of such amendment duly authenticated by the proper officer of the country of such foreign bank's organization, but the filing thereof may not of itself enlarge or alter the purpose or purposes for which such foreign bank is authorized to pursue in the transaction of its business in the State of Mississippi, nor authorize such foreign bank to transact business in the State of Mississippi under any name other than the name set forth in its license, nor extend the duration of its corporate existence.
MS Code § 81-25-139 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-139. Amendment to license

  A foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency must secure an amended license if it changes its corporate name, changes the duration of its corporate existence or desires to pursue in the State of Mississippi other or additional purposes than those set forth in its prior application under this chapter for a license, by making application therefor to the commissioner.   The requirements with respect to the form and contents of an application under subsection (1), the manner of its execution, the filing of duplicate originals thereof with the commissioner, the issuance of an amended license and the effect thereof shall be the same as in the case of an initial application for a license to establish and maintain a Mississippi state branch or Mississippi state agency.
MS Code § 81-25-141 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-141. Notice of acquisition or merger

 A foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall file with the commissioner a notice, in such form and containing such information as the commissioner may prescribe, no later than fourteen (14) calendar days after such foreign bank becomes aware of any acquisition of control of such foreign bank or merges with another foreign bank.
MS Code § 81-25-143 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-143. Notice of relocation

  No foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall relocate any such office unless the foreign bank provides prior written notice to commissioner and the commissioner shall have approved such relocation.   Written notice provided by a foreign bank under this section shall be in such form and contain such information as the commissioner shall require by regulation or order.
MS Code § 81-25-145 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-145. Examination by commissioner

  A Mississippi state branch, Mississippi state agency or Mississippi representative office shall be subject to examination by the commissioner at such intervals and in such a manner as he or she shall establish by regulation or order.   In conducting an examination pursuant to this section, the commissioner shall:   Have full access to the offices, books, accounts, and records of each office located in the State of Mississippi as well as all of the books, accounts and records maintained in this state of any office not located in the State of Mississippi of such foreign bank; and   Have authority to require the attendance of and to examine under oath all persons whose testimony may be required relative to the activities of such office.     A foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall be assessed a reasonable fee for the expenses incurred by the commissioner in making an examination of such office. Such fee shall be assessed in an amount and in a manner as the commissioner shall establish by regulation.   A foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall be subject to all reasonable fees and expenses in such amounts as the commissioner may require by regulation.
MS Code § 81-25-149 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-149. Filing of reports with commissioner

  Each foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall file with the commissioner such reports as and when the commissioner may require by regulation or order.   Each report filed with the commissioner under this chapter or under any regulation or order issued under this chapter shall be in such form and contain such information, shall be signed in such manner, and shall be verified in such manner, as the commissioner may require by regulation or order.
MS Code § 81-25-151 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-151. All reports subject to subpoena and public access

 All reports of examinations and investigations, correspondence and memoranda concerning or arising out of such examinations and investigations, including any duly authenticated copy of copies thereof in the possession of any foreign bank, shall be subject to subpoena and public access to the same extent as if such information pertained to a Mississippi state bank.
MS Code § 81-25-153 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-153. Records to be kept and made available upon request by commissioner

 Each foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall maintain at any such office, and make available upon request by the commissioner, appropriate books, accounts and records reflecting (a) all transactions effected by or on behalf of such office and (b) all actions taken in the State of Mississippi by employees of the foreign banking corporation located in the State of Mississippi to effect transactions on behalf of any office of such foreign bank located outside the State of Mississippi.
MS Code § 81-25-155 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-155. Separation of assets

  Each foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency in Mississippi shall keep the assets of its business in the State of Mississippi separate and apart from the assets of its business outside the State of Mississippi.   The creditors of a foreign bank arising out of transactions with, and recorded on the books of, its Mississippi state branch or Mississippi state agency shall be entitled to absolute preference and priority over the creditors of such foreign bank's offices located outside the State of Mississippi with respect to the assets of such foreign bank in the State of Mississippi.
MS Code § 81-25-157 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-157. Requirement to give notice that deposits and credit balances are not insured by the Federal Deposit Insurance Corporation

 Each foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency shall, in a manner established by the commissioner by regulation or order, give notice that deposits and credit balances in such office are not insured by the Federal Deposit Insurance Corporation.
MS Code § 81-25-159 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-159. Limitations

 A foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency shall be subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.
MS Code § 81-25-161 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-161. Required securities

  Each foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency shall keep on deposit, in accordance with such regulations or orders as the commissioner may promulgate, with such unaffiliated Mississippi banks as such foreign bank may designate and the commissioner may approve, interest-bearing stocks and bonds, notes, debentures, or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States, or of this state, or of a city, county, town, village, school district, or instrumentality of this state or guaranteed by this state, or dollar deposits, or obligations of the International Bank for Reconstruction and Development, or obligations issued by the InterAmerican Development Bank, or obligations of the Asian Development Bank, or obligations issued by the African Development Bank, or such other assets as the commissioner shall by regulation or order permit, to an aggregate amount to be determined by the commissioner, based upon principal amount or market value, whichever is lower, in the case of the above-described securities, and subject to such limitations as he or she shall prescribe.   The commissioner may from time to time require that the assets deposited pursuant to this section may be maintained by the foreign bank in such amount, in such form and subject to such conditions as he or she shall deem necessary or desirable for the maintenance of a sound financial condition, the protection of depositors and the public interest, and to maintain public confidence in the business of such Mississippi state branch or Mississippi state agency. The commissioner may give credit to reserves required to be maintained with a federal reserve bank in or outside the State of Mississippi pursuant to federal law, in accordance with such regulations or procedures as the commissioner may promulgate.   So long as it shall continue business in the ordinary course, such foreign bank shall be permitted to collect interest on the securities deposited under this section and from time to time exchange, examine and compare such securities.
MS Code § 81-25-165 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-165. Closing of office

  No foreign bank which is licensed to establish and maintain a Mississippi state branch, Mississippi state agency or Mississippi representative office shall close such office without filing an application with, and obtaining the prior approval of, the commissioner. An application by a foreign bank under this section shall be in such form and include such information as the commissioner shall establish by regulation or order.   If the commissioner finds, with respect to an application by a foreign bank under this section, that the closing of such office will not be substantially detrimental to the public convenience and advantage, the commissioner shall approve such application. If the commissioner finds otherwise, he or she shall deny the application.   Whenever an application by a foreign bank under this section has been approved and all conditions precedent to such closing have been fulfilled, such foreign bank may close such office and shall promptly thereafter surrender to the commissioner the license which authorized the foreign bank to maintain the office.
MS Code § 81-25-167 (2020)
2020 Mississippi Code|Title 81 - Banks and Financial Institutions|Chapter 25 - The Mississippi International Banking Act|Article 5 - Direct Offices of Foreign Banks|§ 81-25-167. Suspension or revocation of license

 If, after notice and a hearing, the commissioner finds any of the following with respect to a foreign bank which is licensed to establish and maintain a Mississippi state branch or Mississippi state agency, he or she may issue an order suspending or revoking the license of such foreign bank:   That the foreign bank has violated any provision of this chapter or of any regulation or order issued under this chapter or any provision of any other applicable law, regulation or order;   That the foreign bank is transacting activities in the State of Mississippi in an unsafe or unsound manner or, in any case, is transacting activities elsewhere in an unsafe or unsound manner;   That the foreign bank or any one or more of its Mississippi state branches or Mississippi state agencies is in an unsafe or unsound condition;   That the foreign bank has ceased to operate any of its offices in the State of Mississippi without the prior approval of the commissioner in accordance with this chapter;   That the foreign bank is insolvent in that it has ceased to pay its debts in the ordinary course of business, it cannot pay its debts as they become due, or its liabilities exceed its assets;   That the foreign bank has suspended payment of its obligations, has made an assignment for the benefit of its creditors, or has admitted in writing its inability to pay its debts as they become due;   That the foreign bank has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under any foreign or domestic bankruptcy, reorganization, insolvency, or moratorium law, or that any person has applied for any such relief under such law against the foreign bank and the foreign bank has by any affirmative act approved of or consented to such action or such relief has been granted;   That a receiver, liquidator, or conservator has been appointed for the foreign bank or that any proceeding for such an appointment or any similar proceeding has been initiated in the country of the foreign bank's organization;   That the existence of the foreign bank or the authority of the foreign bank to transact banking business under the laws of the country of the foreign bank's organization has been suspended or terminated; or   That any fact or condition exists which, if it had existed at the time when the foreign bank applied for its license to transact business in the State of Mississippi, would have been grounds for denying such application.