According to Mississippi Code 1972, specifically the Uniform Commercial CodeBank Deposits and Collections, a bank is not obligated to pay a check presented more than six (6) months after its date, except for certified checks. However, the bank may charge the customer’s account for payment made in good faith after the six-month period. This provision aims to protect banks from the obligation to honor stale checks while still requiring them to exercise ordinary care in their dealings with customers.

This legal document governs the duty of bank customers to discover and report unauthorized signatures or alterations on their accounts. It applies to all bank customers and requires them to exercise reasonable promptness in examining their account statements and items to identify any unauthorized payments. If the customer fails to comply with this duty, the bank may be precluded from liability for the unauthorized signature or alteration. However, if the bank can prove that the customer’s failure to comply caused a loss, the loss may be allocated between the customer and the bank.

This section of the Mississippi Code 1972 governs bank holding companies, their definitions, and the control of banks. It defines key terms such as ‘bank,’ ‘bank holding company,’ ‘company,’ and ‘control.’ According to the section, a bank holding company is any company that meets the definition under the Federal Bank Holding Company Act of 1956. The Mississippi Commissioner of Banking and Consumer Finance has the power to enforce the prohibition of bank holding companies controlling banks.

This legal document governs the loans that state banks can provide to their directors and executive officers. It states that loans aggregating fifteen percent (15%) of the unimpaired capital and unimpaired surplus may be made to directors or executive officers, upon approval of a majority of all directors. The loan should be made on the same terms and conditions as other borrowers. Additionally, state banks can lend not more than twenty percent (20%) of the unimpaired capital and unimpaired surplus, less existing liabilities, when secured.

This provision, found in the Mississippi Code 1972, applies to officers, clerks, and employees of banks. It states that no bank employee shall certify a check unless the amount of the check is actually available in the drawer’s account. Any person who willfully violates this provision is guilty of a misdemeanor and may be fined up to one thousand dollars. When a check is certified, the amount is immediately charged to the drawer’s account and credited to the certified check account.

This legal document governs the acquisition of a Mississippi bank or bank holding company by an out-of-state bank holding company. The approval of the commissioner is required for such acquisitions. The commissioner’s approval is contingent upon several factors, including the continuous operation of the Mississippi bank or its subsidiary for more than five years, compliance with specified sections of the law, and the filing of necessary application documents with the commissioner.

This provision, found in the Mississippi Code 1972 under the Crimes section, pertains to the offense of procuring the issuance of a credit card through false statements. It states that any person who makes or causes to be made false statements in writing, with the intent that it be relied upon, for the purpose of obtaining a credit card, is guilty of a misdemeanor. The provision does not specify any exemptions.

This legal document, under the Mississippi Code 1972, specifically addresses credit card theft and related offenses. It states that anyone who takes a credit card without the cardholder’s consent, using methods such as larceny, embezzlement, false pretense, or extortion, is guilty of credit card theft. Additionally, anyone who receives a credit card with knowledge that it has been stolen, with the intent to use, sell, or transfer it to someone other than the issuer or cardholder, is also guilty of credit card theft.

Any person, who, with intent to defraud the issuer, a person or organization providing money, goods, property, services or anything else of value, or any other person, obtains control of a credit card as security for debt is guilty of a misdemeanor. HISTORY: Codes, 1942, 2148.7-05; Laws, 1968, ch. 345, 5, eff 60 days after passage (approved August 8, 1968). Cross References White-collar crime investigations, see 7-5-59. Unlawful to use credit card or credit card number, obtained or retained in violation of this section, to obtain a thing of value, see 97-19-21.

Every person who, with intent to defraud a purported cardholder, issuer, or a person or organization providing money, goods, property, services or anything else of value, falsely makes or alters or embosses a card purporting to be a credit card or other such credit device is guilty of credit card forgery. HISTORY: Codes, 1942, 2148.7-06; Laws, 1968, ch 345, 6, eff 60 days after passage (approved August 8, 1968). Cross References White-collar crime investigation, see 7-5-59.