No organization provided for herein shall have power to use or invest more than twenty percent of its capital stock for organization, current expenses, rent, personal or real property necessary for its use in conducting its business, or for providing warehouses or warehouse facilities.
Miss. Code Ann. § 81-15-19
Limit of capital stock to be used for certain purposes
Known as the Mississippi Rural Credit Law
The act spans §§ 81–81 (16 sections).
Codes, 1930, § 6489; 1942, § 4931; Laws, 1924, ch. 272.
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.