Can you summarize 75 MSCO Chapter 76, Penalties?
The Mississippi Gaming Control Act governs gaming activities in Mississippi. It applies to individuals or entities involved in gaming activities in the state. Violating any provision of the Act can result in the immediate revocation of all licenses issued to the violator. The court may also order that no new or additional license be issued to the violator or for the room or premises where the violation occurred for one year after revocation.
Can you summarize 75 MSCO Chapter 76, Taxation of Cruise Vessels and Vessels?
This legal document pertains to the temporary exemption of cruise vessels or vessels licensed under the Mississippi Gaming Control Act from ad valorem taxes. From June 29, 1990, until June 30, 1991, any cruise vessel or vessel used for gambling games, as determined by the Tax Commission, is exempt from all ad valorem taxes. The State Tax Commission is required to report to the Legislature by December 1, 1990, with a recommendation for an equitable method of imposing a tax on these cruise vessels and vessels.
Can you summarize 75 MSCO Chapter 76?
The legal document content reviewed covers various aspects related to fees and licenses in the context of gaming operations in Mississippi. It explains that license fees paid under Section 75-76-177 can be claimed as a credit against the income tax liability of the licensee. The document also outlines the application and annual license fees for conducting gaming aboard a vessel or cruise vessel. It further discusses the transfer of gaming licenses and the treatment of prepaid license fees in specific situations.
Can you summarize 75 MSCO Chapter 9?
The provided legal document, Mississippi Code 1972, Regulation of Trade, Commerce and Investments, specifically focuses on the Uniform Commercial CodeSecured Transactions. It governs the rules and regulations related to secured transactions, including the creation, perfection, and enforcement of security interests in personal property. The document applies to all parties involved in secured transactions, including creditors, debtors, and other interested parties. It provides guidelines for the creation, perfection, and enforcement of security interests in personal property, as well as covering various aspects such as agricultural liens, conditional sales, leases, real estate contracts, and the sale of accounts or chattel paper.
Can you summarize 81 MSCO Chapter 13?
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.
Can you summarize 81 MSCO Chapter 3?
This legal document, Mississippi Code 1972, governs the incorporation and organization of banks in the state of Mississippi. It mandates that every banking corporation organized under the laws of the state must include the words ‘bank’ or ‘banking’ in its name. However, corporations organized after the enactment of this law are prohibited from including certain words such as ‘banker,’ ‘bankers,’ ‘banking,’ or ’trust company’ in their name, unless their charter expressly limits them to the banking or trust business.
Can you summarize 81 MSCO Chapter 5?
This legal document contains general regulations related to banks and banking in Mississippi. It governs various entities including banking corporations, executive officers of banking corporations, the Commissioner of Banking and Consumer Finance, state banking corporations, board of directors of banking corporations, state banks, state-chartered banks, and Mississippi chartered or domiciled banks. The document prohibits banking corporations from participating in underwriting syndicates, except for bonds issued by governmental agencies. It also prohibits executive officers of banking corporations from owning stock in private banking houses engaged in underwriting securities.
Can you summarize 81 MSCO Chapter 7?
This legal document, Mississippi Code 1972 » Banks and Financial Institutions » Branch Banks, governs the establishment of branch banks in Mississippi. It outlines the application and procedure for establishing branch banks, including the requirement for obtaining a certificate from the commissioner indicating that the public convenience and necessity will be promoted by the branch bank. The document specifies that applications must be filed with the commissioner and include the necessary information and fees.
Can you summarize 81 MSCO Chapter 8?
The provided legal document content covers various aspects related to regional banking institutions in Mississippi. It includes definitions for terms such as ‘acquire’, ‘bank’, ‘banker’s bank’, ‘banking office’, ‘bank holding company’, ‘commissioner’, ‘control’, ‘department’, ‘deposits’, ‘Mississippi bank’, ‘Mississippi bank holding company’, ‘principal place of business’, ‘out-of-state bank holding company’, and ‘subsidiary’. The document governs the acquisition of a Mississippi bank or bank holding company by an out-of-state bank holding company, requiring approval from the commissioner.
Can you summarize 81 MSCO Chapter 9?
The legal documents provided cover a wide range of topics related to insolvent banks in Mississippi. They govern the restoration of impaired capital stock, transfers made in contemplation of insolvency, the process of closing insolvent banks, the conservation of assets and title, the sale of assets, the reopening of closed banks, the limitation on the custodial period, the appointment of a receiver, the surrender of assets, the bond requirements and compensation for directors, the appointment of the Federal Deposit Insurance Corporation as a receiver, the priority of claims for payment, the liquidation process of solvent banks, the depositors’ liquidation, the formation of a liquidating corporation, the exercise of discretion, the sale of assets by a liquidating corporation, the double liability of stockholders, and the compensation and expenses of receivers and attorneys.