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Miss. Code Ann. § 81-27-6.303

Contracting debts and obligations

Laws, 1998, ch. 437, § 1, eff from and after July 1, 1998.

Except as provided by this section or the articles of association of the limited liability trust company, debts, liabilities, and other obligations may be contracted for or incurred on behalf of a limited liability trust company by:

(1) A majority of the managers, if management of the limited liability trust company has been vested in a board of managers;

(2) A majority of the managing participants; or

(3) An officer or other agent vested with actual or apparent authority to contract for or incur the debt, liability, or other obligation.

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.