(1) Any two (2) or more savings banks, when one or more is mutually owned and one or more is stock owned, may merge to form either a mutual or stock savings bank in separate conversion-merger proceedings and in simultaneous conversion-merger proceedings.(2) The commissioner may promulgate rules and regulations to facilitate the merger of mutual and stock savings banks.Laws, 1992, ch. 489, § 33; reenacted without change, Laws, 1997, ch. 364, § 33; reenacted without change, Laws, 2001, ch. 457, § 33, eff. 7/1/2001.
Mississippi Legal Code