A corporation is hereby vested with all power necessary or requisite for the accomplishment of its corporate purpose, and no enumeration of particular powers hereby granted in this article shall be construed to impair any general grant of power herein contained, or to limit any such grant to a power or powers of the same class or classes as those so enumerated.
Miss. Code Ann. § 77-5-229
General powers of corporation
Applied in 1 court decision — leading case 812 So. 2d 912 - Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC. (2002)
Most recently applied in 812 So. 2d 912 - Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC. (January 2002)
Codes, 1942, § 5473; Laws, 1936, ch. 184; Laws, 2016, ch. 387, § 11, eff from and after July 1, 2016.
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.