A newly chartered savings bank shall be entitled to a license fee to operate upon payment to the department of the appropriate license fee as prescribed by the commissioner and upon evidence presented to the commissioner of the following:(a) Capable, efficient and equitable management;(b) Organization of the savings bank pursuant to law;(c) Completion of the organization of the savings bank; and(d) Passage of final inspection by the commissioner or his representative.Laws, 1992, ch. 489, § 18; reenacted without change, Laws, 1997, ch. 364, § 18; reenacted without change, Laws, 2001, ch. 457, § 18, eff. 7/1/2001.
Mississippi Legal Code