Records; overvaluation of assets

Miss. Code Ann. § 81-12-103, under Savings Associations Law.

Miss. Code Ann. § 81-12-103

The commissioner, after a determination of value made in accordance with Section 81-12-177(8), may order that assets, individually or in the aggregate, to the extent that such assets are overvalued on an association’s books, be charged off, or that a special reserve or reserves equal to such overvaluation be set up by transfers from undivided profits or reserves.