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Current as of January 01, 2025 | Updated by Findlaw Staff
The bank shall submit to the Governor within ninety (90) days after the end of its fiscal year a complete and detailed report setting forth:
(a) Its operations and accomplishments;
(b) Its receipts and expenditures during such fiscal year;
(c) Its assets, including an itemized list of municipal securities held by it, and liabilities at the end of its fiscal year, including the status of reserve or other special funds together with a statement of changes in its assets, liabilities and funds during such fiscal year; and
(d) A schedule of its bonds outstanding at the end of its fiscal year, together with a statement of the amounts redeemed and incurred during such fiscal year.
The bank shall cause an audit of its books and accounts to be made at least once a year by certified public accountants and the cost thereof shall be considered an expense of the bank and a copy thereof shall be filed with the State Treasurer.
Cite this article: FindLaw.com - Mississippi Code Title 31. Public Business, Bonds and Obligations § 31-25-35 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-31-public-business-bonds-and-obligations/ms-code-sect-31-25-35/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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