Banks; modernize approval process for certain requirement related to.

Summary

The measure changes how Mississippi banking corporations renew or amend their charters, removing the Attorney General’s sign‑off and sending approvals straight to the Secretary of State. It lets state‑chartered banks declare dividends without commissioner approval unless specific risk conditions exist, and eliminates the need for commissioner consent to install or remove ATMs and other electronic terminals. It also creates a new authority for banks to invest in community‑development entities and public‑welfare projects.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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