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HB1263Introduced in the House

Banks; modernize approval process for certain requirement related to.

Failed

Introduced by Shane Aguirre, District 17

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

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.

Where it stands

Died In Committee

March 3, 2026

How did lawmakers vote?

HouseStage: House Passed As Amended · February 10, 2026

96

Yes

19

No

7

Absent or Not Voting

122 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

See how each representative voted

Bill history

  1. Referred To Banking and Financial Services

  2. Title Suff Do Pass As Amended

  3. Amended

  4. Passed As Amended

  5. Transmitted To Senate

  6. Referred To Business and Financial Institutions

  7. Died In Committee

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