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§ 81-27-5-401 — Mississippi Law | CourtGPT
  1. Home/
  2. Laws/
  3. Mississippi/
  4. Title 81 - Banks and Financial Institutions/
  5. Chapter 27 - Multistate, State and Limited Liability Trust Institutions/
  6. Article 5 - Investments, Loans and Deposits Sub/
  7. Subarticle E - Liabilities and Pledge of Assets/
  8. § 81-27-5-401
Mississippi Legal Code

§ 81-27-5-401

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Except with the prior written approval of the commissioner, a state trust company may not have liabilities outstanding exceeding an amount equal to five (5) times its capital. Laws, 1998, ch. 437, § 1, eff. 7/1/1998.