81-25-105 - Application to procure a license.
§ 81-25-105. Application to procure a license.
A foreign bank, in order to procure a license under this chapter to establish and maintain a Mississippi state branch or Mississippi state agency shall submit an application to the commissioner. Such application shall contain:
(a) The same information as required by the Board of Governors of the Federal Reserve System for an application to establish a branch or agency, as the case may be, in the United States;
(b) An instrument irrevocably appointing the commissioner or his or her successors in office to be such foreign bank's agent, representative and attorney to receive service of any lawful judicial and administrative process in accordance with this chapter; and
(c) Such additional information as the commissioner may require by regulation or order.
Sources: Laws, 1996, ch. 441, § 26, eff from and after May 1, 1997.