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Can you summarize 81 MSCO Chapter 13?
Banks and Financial Institutions > Credit Unions
Short Summary
These legal documents, as per the Mississippi Code 1972, govern various aspects of credit unions in Mississippi. They cover the organization and incorporation of credit unions, requirements for articles of association and incorporation, membership criteria, supervision and examination by the Commissioner of Banking and Consumer Finance, suspension and liquidation procedures, capital requirements, lending and investing activities, record keeping, taxation, conversion and merger of credit unions, establishment of branch offices, electronic banking terminals, voting and meetings, deposits in joint names, voluntary dissolution, and approval of foreign credit unions. The documents apply to prospective incorporators, credit unions, members, directors, officers, supervisory committee, and the Commissioner of Banking and Consumer Finance. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Prospective incorporators, credit unions, members, directors, officers, supervisory committee, Commissioner of Banking and Consumer Finance
What does it govern?
Organization of credit unions, hearing process upon denial of a license, commencement of corporate existence, filing and amendment of articles of association and incorporation, membership requirements, supervision and examination of credit unions, suspension and liquidation of credit unions, capital requirements, lending and investing activities, record keeping, taxation, conversion of credit unions, merger of credit unions, establishment of branch offices, electronic banking terminals, voting and meetings, deposits in joint names, voluntary dissolution, approval of foreign credit unions
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Mississippi