Any director of a bank or other banking corporation while serving in such capacity may enter into a contract or option providing for the sale of his or her stock at such time as he or she ceases, by death or otherwise, to be a director thereof.
Miss. Code Ann. § 81-5-47
Directors may contract to sell stock while continuing to serve
Codes, 1942, § 5199.5; Laws, 1966, ch. 256, § 1, eff from and after passage (approved May 26, 1966
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.