Mississippi Code Title 81. Banks and Financial Institutions § 81-27-4.203

(a) A state trust company may not reduce or increase its outstanding capital through dividend, redemption, issuance of shares or participation shares, or otherwise, without the prior approval of the commissioner, except as permitted by this section or rules adopted under this article.

(b) Unless otherwise restricted by rules or regulations, prior approval is not required for an increase in capital accomplished through:

(c) Prior approval is not required for a decrease in surplus caused by incurred losses in excess of undivided profits.