AN ACT TO AMEND SECTION 81-5-25, MISSISSIPPI CODE OF 1972, TO AUTHORIZE BANKS TO INVEST IN SMALL BUSINESS INVESTMENT COMPANIES INCORPORATED OUTSIDE MISSISSIPPI; TO AMEND SECTION 81-5-45, MISSISSIPPI CODE OF 1972, TO REQUIRE THE BOARD OF DIRECTORS OF A BANK TO MEET QUARTERLY, UNLESS OTHERWISE DIRECTED BY THE DEPARTMENT OF BANKING AND CONSUMER FINANCE BASED ON AN EXAMINATION FINDING OR APPLICABLE REGULATORY FINDING; TO DELETE THE REQUIREMENT FOR PERIODIC MEETINGS BY EXECUTIVE AND AUDITING COMMITTEES SELECTED BY A MAJORITY OF THE BOARD OF DIRECTORS; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 81-5-25, 81-5-45
As Passed by the House: 81-5-25, 81-5-45
Approved by the Governor: 81-5-25, 81-5-45