Whenever a bond is required for the protection of the corporation, letters of credit or other surety approved by the corporation may be utilized in lieu of a bond. All bonds or letters of credit shall be reviewed at least annually as to their solvency and sufficiency.
Miss. Code Ann. § 27-115-35
Bond for protection of corporation; other surety in lieu of bond; annual review of bond
Known as the Alyce G. Clarke Mississippi Lottery Law
The act spans §§ 27-115-1 to 27-115-91 (46 sections).
Laws, 2018, 1st Ex Sess, ch. 2, § 18, eff from and after September 1, 2018.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.