l9n/ Mississippi

2026 Regular Session

House Bill 1263

Banks; modernize approval process for certain requirement related to.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on March 3, 2026.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 81-3-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT RENEWALS OR AMENDMENTS TO A CHARTER OR ARTICLES OF INCORPORATION OF BANKING CORPORATIONS SHALL BE SENT DIRECTLY TO THE SECRETARY OF STATE UPON BEING APPROVED BY THE COMMISSIONER AND DO NOT REQUIRE APPROVAL FROM THE ATTORNEY GENERAL; TO AMEND SECTION 81-5-75, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A BANK TO DECLARE AND PAY DIVIDENDS NOT INCONSISTENT WITH THE BANK'S ARTICLES OF INCORPORATION OR BYLAWS; TO REQUIRE PRIOR WRITTEN APPROVAL OF THE COMMISSIONER ONLY WHEN CERTAIN CONDITIONS EXIST; TO AMEND SECTION 81-5-100, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT PRIOR APPROVAL OF THE COMMISSIONER IS NOT REQUIRED FOR A STATE BANK OR THRIFT TO ESTABLISH OR DECOMMISSION ELECTRONIC TERMINALS; TO CREATE NEW SECTION 81-5-26, MISSISSIPPI CODE OF 1972, TO AUTHORIZE INVESTMENTS BY STATE CHARTERED FINANCIAL INSTITUTIONS IN COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT PROJECTS AND OTHER PUBLIC WELFARE INVESTMENTS; TO AMEND SECTION 81-5-85, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

Its course

January 19 to March 3, 2026, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action7 actions on 6 days

In the House of RepresentativesJan 19 to Feb 1022 days

Banking and Financial ServicesJan 19 to Jan 2910 days

In the SenateFeb 10 to Mar 3 · stopped21 days

Business and Financial InstitutionsFeb 19 to Mar 3 · stopped12 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Feb 10

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 19 – Feb 10

  1. Jan 19Referred to the House committee on Banking and Financial Services
  2. Jan 29Reported from committee in the House: title sufficient, do pass as amended
  3. Feb 10Amended in the House
  4. Passed the House as amended

In the Senate Feb 12 – Mar 3

  1. Feb 12Sent to the Senate
  2. Feb 19Referred to the Senate committee on Business and Financial Institutions
  3. Mar 3Died in committee in the Senate
All 7 actions, as published
  1. Jan 19Referred To Banking and Financial ServicesHouse of Representatives
  2. Jan 29Title Suff Do Pass As AmendedHouse of Representatives
  3. Feb 10AmendedHouse of Representatives
  4. Feb 10Passed As AmendedHouse of Representatives
  5. Feb 12Transmitted To SenateHouse of Representatives
  6. Feb 19Referred To Business and Financial InstitutionsSenate
  7. Mar 3Died In CommitteeSenate