Mississippi House Bill 1263

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on March 3 2026 - 100% progression
Action: 2026-03-03 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

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.

Banks; modernize approval process for certain requirement related to.

Rep. Shane Aguirre [R]

2026-02-10 - House - House Passed As Amended (Y: 96 N: 19 NV: 7 Abs: 0) [PASS]

Date	Chamber	Action
2026-03-03	Senate	Died In Committee
2026-02-19	Senate	Referred To Business and Financial Institutions
2026-02-12	House	Transmitted To Senate
2026-02-10	House	Passed As Amended
2026-02-10	House	Amended
2026-01-29	House	Title Suff Do Pass As Amended
2026-01-19	House	Referred To Banking and Financial Services

Chapter	Article	Section	Citation Type	Statute Text
81	3	15	Amended Code	See Bill Text
81	5	100	Amended Code	See Bill Text
81	5	75	Amended Code	See Bill Text
81	5	85	New Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1263.xml
Text	https://billstatus.ls.state.ms.us/documents/2026/html/HB/1200-1299/HB1263IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2026/html/HB/1200-1299/HB1263PS.htm
Amendment	https://billstatus.ls.state.ms.us/documents/2026/html/ham/HB1263_H_Cmte_Amend_01.htm
Roll Call	https://billstatus.ls.state.ms.us/2026/pdf/votes/house/0360039.pdf