Mississippi Code Title 81. Banks and Financial Institutions § 81-27-4.105

(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.