No association shall deposit any of its funds, except with a depository approved by a vote of a majority of the directors authorized by the association, any director who is an officer, partner, director, or trustee of the depository so designated taking no part in such vote.
Deposit of association funds; approval by directors
Miss. Code Ann. § 81-12-89, under Savings Associations Law.
Miss. Code Ann. § 81-12-89