SB2383

Mississippi SB2383 revises banking definitions, procedures, and provisions, including changes to electronic terminal fees and dividend declarations.

Mississippi SB2383 amends the Mississippi Code to revise various banking definitions, procedures, and provisions. It redefines "electronic terminal" to include automated teller machines and interactive teller machines, clarifying that such terminals are not subject to state licensing requirements. The bill allows banks to set fees for electronic terminal use, provided the fees are disclosed to users. It also modifies the process for declaring and paying dividends by state banks, requiring Commissioner approval under specific conditions.