Mississippi Legislature

1997 Regular Session

Senate Bill 2470

[Introduced] [Passed Senate] [Sent to Governor]

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History of Actions

Background

Title

Description: Banking regulatory laws; amend various.

History of Actions:

101/10/97(S)Referred To Business and Financial Institutions
202/03/97(S)Title Suff Do Pass
302/10/97(S)Passed
402/11/97(S)Transmitted To House
502/13/97(H)Referred To Banks and Banking
602/19/97(H)Title Suff Do Pass
702/27/97(H)Amended
802/27/97(H)Passed As Amended
903/03/97(H)Returned For Concurrence
1003/04/97(S)Decline to Concur/Invite Conf
1103/06/97(S)Conferees Named Woodfield,Posey,Browning
1203/07/97(H)Conferees Named Guice,Peranich,Rogers
1303/31/97(S)Conference Report Adopted
1404/01/97(H)Conference Report Adopted
1504/02/97(H)Motion to Reconsider Entered
1604/03/97(H)Motion to Reconsider Tabled
1704/04/97(S)Enrolled Bill Signed
1804/04/97(H)Enrolled Bill Signed
1904/04/97Due From Governor 04/10/97
2004/10/97Approved by Governor

Background Information:

Effective datePassage
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes
Chapter number542

Senate Committee:

House Committee:

Principal Author: Woodfield

Code Sections: A 081-0001-0115, A 081-0003-0001, A 081-0005-0045, A 081-0005-0055, A 081-0005-0085, A 081-0007-0001, A 081-0007-0008, A 081-0012-0063, RP 081-0005-0073, RP 081-0011-0091, RP 081-0011-0093, RP 081-0011-0095

Title: AN ACT TO AMEND SECTION 81-1-115, MISSISSIPPI CODE OF 1972, TO REVISE THE FEES CHARGED BY THE COMMISSIONER OF BANKING AND CONSUMER FINANCE FOR FILING DOCUMENTS AND ISSUING CERTIFICATES; TO AMEND SECTION 81-3-1, MISSISSIPPI CODE OF 1972, TO DEFINE THE TERM "ELIGIBLE BANKS" FOR THE PURPOSE OF BANKING STATUTES; TO AMEND SECTION 81-5-45, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT EVERY EXECUTIVE OFFICER OF A BANK SHALL SUBSCRIBE TO AN ANNUAL OATH; TO AMEND SECTION 81-5-55, MISSISSIPPI CODE OF 1972, TO ALLOW THE DISCLOSURE OF DEPOSITOR INFORMATION TO BANK AFFILIATES AND TO PROVIDE IMMUNITY FOR THE DISCLOSURE OF INFORMATION TO THE DEPARTMENT OF HUMAN SERVICES, THE CHILD SUPPORT UNIT OF THE DEPARTMENT OF HUMAN SERVICES, OR THEIR CONTRACTORS OR AGENTS; TO AMEND SECTION 81-5-85, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE CONSOLIDATION OR MERGER BETWEEN STATE OR FEDERAL SAVINGS BANKS AND STATE-CHARTERED BANKS, AND STATE OR FEDERAL SAVINGS AND LOAN ASSOCIATIONS AND STATE-CHARTERED BANKS; TO AMEND SECTION 81-7-1, MISSISSIPPI CODE OF 1972, TO GRANT ELIGIBLE BANKS CERTAIN PREFERENCES WITH RESPECT TO BRANCHING ACTIVITY; TO AMEND SECTION 81-7-8, MISSISSIPPI CODE OF 1972, TO REMOVE THE POPULATION RESTRICTIONS UPON THE DE NOVO ESTABLISHMENT OF BRANCH BANKS; TO AMEND SECTION 81-12-63, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO SECTION 81-5-85; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN CHAPTER 12 OF TITLE 81, MISSISSIPPI CODE OF 1972, TO ALLOW SAVINGS ASSOCIATIONS TO REORGANIZE TO PROVIDE FOR OWNERSHIP BY HOLDING COMPANIES; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN CHAPTER 3 OF TITLE 81, MISSISSIPPI CODE OF 1972, TO ALLOW BANKS TO REORGANIZE TO PROVIDE FOR OWNERSHIP BY HOLDING COMPANIES; TO REPEAL SECTION 81-5-73, MISSISSIPPI CODE OF 1972, WHICH SETS FORTH THE CASH RESERVE REQUIREMENTS FOR BANKS; TO REPEAL SECTION 81-11-91, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE APPOINTMENT, POWERS AND DUTIES OF A CONSERVATOR FOR SAVINGS ASSOCIATIONS NOT HAVING DEPOSITS INSURED BY A FEDERAL OR STATE AGENCY; TO REPEAL SECTION 81-11-93, MISSISSIPPI CODE OF 1972, WHICH PLACES RESTRICTIONS ON TRANSACTIONS IN SHARES, DEPOSITS AND THE LIKE OF SAVINGS ASSOCIATIONS UNDER THE JURISDICTION OF A CONSERVATOR; TO REPEAL SECTION 81-11-95, MISSISSIPPI CODE OF 1972, WHICH DEFINES TERMS UTILIZED IN THE PROVISIONS OF LAW GOVERNING THE APPOINTMENT OF A CONSERVATOR FOR SAVINGS ASSOCIATIONS NOT HAVING DEPOSITS INSURED BY A FEDERAL OR STATE AGENCY; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/10/97 at 11:48.



End Of Document

1997/History/SB\SB2470.htm