§ 81-27-4.105. Issuance of charter

MS Code § 81-27-4.105 (2019) (N/A)
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(1) Received cash or marketable securities in at least the full amount of required capital from subscriptions for the issuance of shares or participation shares;

(2) Elected or qualified the initial officers and directors or managers, as appropriate, named in the application for charter or other officers and directors or managers approved by the commissioner; and

(3) Complied with all other requirements of this chapter relative to the organization of a state trust company.