Chapter

Multistate, State and Limited Liability Trust Institutions

Miss. Code Ann. § 81-27-1.001— Title and purposes
Miss. Code Ann. § 81-27-1.002— Certain Definitions
Miss. Code Ann. § 81-27-1.003— Regulations
Miss. Code Ann. § 81-27-1.004— Severability
Miss. Code Ann. § 81-27-1.101— Companies authorized to act as a fiduciary
Miss. Code Ann. § 81-27-1.102— Activities not requiring a charter, etc
Miss. Code Ann. § 81-27-1.103— Trust business of state trust institution
Miss. Code Ann. § 81-27-1.104— Trust business of out-of-state trust institution
Miss. Code Ann. § 81-27-1.105— Name of trust institution
Miss. Code Ann. § 81-27-2.001— Trust business
Miss. Code Ann. § 81-27-2.002— Branches and offices of state trust institutions
Miss. Code Ann. § 81-27-2.003— State trust company principal office
Miss. Code Ann. § 81-27-2.004— Trust office; representative trust office
Miss. Code Ann. § 81-27-2.005— Out-of-state offices
Miss. Code Ann. § 81-27-2.101— Trust business at a branch or trust office
Miss. Code Ann. § 81-27-2.102— Establishing an interstate trust office
Miss. Code Ann. § 81-27-2.103— Acquiring an interstate trust office
Miss. Code Ann. § 81-27-2.104— Requirement of notice
Miss. Code Ann. § 81-27-2.105— Conditions for approval
Miss. Code Ann. § 81-27-2.106— Additional trust offices
Miss. Code Ann. § 81-27-2.201— Representative trust office business
Miss. Code Ann. § 81-27-2.202— Registration of representative trust office
Miss. Code Ann. § 81-27-2.301— Examinations; periodic reports; cooperative agreements; assessment of fees
Miss. Code Ann. § 81-27-2.302— Enforcement
Miss. Code Ann. § 81-27-2.303— Notice of subsequent merger, closing, etc
Miss. Code Ann. § 81-27-3.001— Title and purposes
Miss. Code Ann. § 81-27-3.002— Definitions
Miss. Code Ann. § 81-27-3.101— Designation of trustee
Miss. Code Ann. § 81-27-3.102— Choice of law governing trusts
Miss. Code Ann. § 81-27-3.103— Choice of law governing fiduciary investments
Miss. Code Ann. § 81-27-3.201— Delegation and fiduciary responsibility
Miss. Code Ann. § 81-27-3.202— Affiliates
Miss. Code Ann. § 81-27-3.301— Fee determination
Miss. Code Ann. § 81-27-3.302— Disclosure of potential conflicts of interest
Miss. Code Ann. § 81-27-3.401— Purchase of assets of another trust institution
Miss. Code Ann. § 81-27-4.101— Organization and powers of state trust company
Miss. Code Ann. § 81-27-4.102— Articles of association of state trust company
Miss. Code Ann. § 81-27-4.103— Certificate to incorporate and organize
Miss. Code Ann. § 81-27-4.104— Investigation for state trust company charter
Miss. Code Ann. § 81-27-4.105— Issuance of charter
Miss. Code Ann. § 81-27-4.106— Required capital
Miss. Code Ann. § 81-27-4.107— Application of laws relating to general business corporations
Miss. Code Ann. § 81-27-4.108— Commissioner hearings; appeals
Miss. Code Ann. § 81-27-4.201— Amendment of state trust company articles of association
Miss. Code Ann. § 81-27-4.202— Establishing a series of shares or participation shares
Miss. Code Ann. § 81-27-4.203— Change in outstanding capital and surplus
Miss. Code Ann. § 81-27-4.204— Capital notes or debentures
Miss. Code Ann. § 81-27-4.301— Private trust company
Miss. Code Ann. § 81-27-4.302— Requirements to apply for and maintain status as a private trust company
Miss. Code Ann. § 81-27-4.303— Conversion to public trust company
Miss. Code Ann. § 81-27-5.001— Investment in state trust company facilities
Miss. Code Ann. § 81-27-5.002— Other real estate
Miss. Code Ann. § 81-27-5.101— Securities
Miss. Code Ann. § 81-27-5.102— Transactions in state trust company shares or participation shares
Miss. Code Ann. § 81-27-5.103— Subsidiaries
Miss. Code Ann. § 81-27-5.104— Mutual funds
Miss. Code Ann. § 81-27-5.105— Engaging in commerce prohibited
Miss. Code Ann. § 81-27-5.201— Lending limits
Miss. Code Ann. § 81-27-5.202— Lease financing transactions
Miss. Code Ann. § 81-27-5.301— Trust deposits
Miss. Code Ann. § 81-27-5.302— Common investment funds
Miss. Code Ann. § 81-27-5.401— Borrowing limit
Miss. Code Ann. § 81-27-5.402— Pledge of asset
Miss. Code Ann. § 81-27-6.001— Additional definitions
Miss. Code Ann. § 81-27-6.101— Acquisition of control
Miss. Code Ann. § 81-27-6.102— Application regarding acquisition of control
Miss. Code Ann. § 81-27-6.103— Hearing and decision on acquisition of control
Miss. Code Ann. § 81-27-6.104— Appeal from adverse decision
Miss. Code Ann. § 81-27-6.105— Objection to other transfer
Miss. Code Ann. § 81-27-6.106— Civil enforcement; criminal penalties
Miss. Code Ann. § 81-27-6.201— Voting securities held by state trust company
Miss. Code Ann. § 81-27-6.202— Bylaws
Miss. Code Ann. § 81-27-6.203— Board of directors, managers or managing participants
Miss. Code Ann. § 81-27-6.204— Required board meetings
Miss. Code Ann. § 81-27-6.205— Officers
Miss. Code Ann. § 81-27-6.206— Certain criminal offenses
Miss. Code Ann. § 81-27-6.207— Transactions with management and affiliates
Miss. Code Ann. § 81-27-6.208— Fiduciary responsibility
Miss. Code Ann. § 81-27-6.209— Record keeping
Miss. Code Ann. § 81-27-6.210— Bonding requirements
Miss. Code Ann. § 81-27-6.211— Reports of apparent crime
Miss. Code Ann. § 81-27-6.301— Filing of notice of full liability
Miss. Code Ann. § 81-27-6.302— Liability of participants and managers
Miss. Code Ann. § 81-27-6.303— Contracting debts and obligations
Miss. Code Ann. § 81-27-6.304— Management of limited liability trust company
Miss. Code Ann. § 81-27-6.305— Withdrawal or reduction of participant’s contribution to capital
Miss. Code Ann. § 81-27-6.306— Interest in limited liability trust company; transferability of interest
Miss. Code Ann. § 81-27-6.307— Dissolution
Miss. Code Ann. § 81-27-6.308— Allocation of profits and losses
Miss. Code Ann. § 81-27-6.309— Distributions
Miss. Code Ann. § 81-27-6.310— Other provisions related to a limited liability trust company
Miss. Code Ann. § 81-27-6.401— Merger authority
Miss. Code Ann. § 81-27-6.402— Merger application
Miss. Code Ann. § 81-27-6.403— Approval of commissioner
Miss. Code Ann. § 81-27-6.404— Rights of dissenters to mergers
Miss. Code Ann. § 81-27-6.405— Authority to act as disbursing agent
Miss. Code Ann. § 81-27-6.406— Liquidation of selling state trust company
Miss. Code Ann. § 81-27-6.407— Payment to creditors
Miss. Code Ann. § 81-27-6.408— Sale of assets
Miss. Code Ann. § 81-27-7.001— Commissioner shall have supervision over authorized trust institutions and shall examine
Miss. Code Ann. § 81-27-7.002— Fees for examination
Miss. Code Ann. § 81-27-7.003— Department to act under authority of the commissioner
Miss. Code Ann. § 81-27-7.101— Administrative orders; penalties for violation
Miss. Code Ann. § 81-27-7.102— Notice and opportunity for hearing
Miss. Code Ann. § 81-27-7.103— Subpoena power and examination under oath
Miss. Code Ann. § 81-27-7.104— Removal of directors, officers and employees
Miss. Code Ann. § 81-27-7.105— Review by the court
Miss. Code Ann. § 81-27-8.001— Required vote of shareholders or participants
Miss. Code Ann. § 81-27-8.002— Corporate procedure
Miss. Code Ann. § 81-27-8.003— Authority to liquidate; publication
Miss. Code Ann. § 81-27-8.004— Examination and reports
Miss. Code Ann. § 81-27-8.005— Unclaimed property
Miss. Code Ann. § 81-27-8.006— Sell or transfer of property
Miss. Code Ann. § 81-27-8.101— When commissioner may take charge
Miss. Code Ann. § 81-27-8.102— Directors may act
Miss. Code Ann. § 81-27-8.103— Notice of seizure; bar to attachment
Miss. Code Ann. § 81-27-8.104— Notice to trust institutions, corporations and others holding assets; liens not to accrue
Miss. Code Ann. § 81-27-8.105— Permission to resume business
Miss. Code Ann. § 81-27-8.106— Remedy for seizure; answer to notice, injunction; and appeal
Miss. Code Ann. § 81-27-8.107— Collection of debts and claims; commissioner succeeds to all property of the state trust company
Miss. Code Ann. § 81-27-8.108— Bond of the commissioner; surety; condition; minimum penalty
Miss. Code Ann. § 81-27-8.109— Inventory
Miss. Code Ann. § 81-27-8.110— Notice and time for filing claims
Miss. Code Ann. § 81-27-8.111— Power to reject claims; notice; affidavit of service; action on claims
Miss. Code Ann. § 81-27-8.112— List of claims presented and deposits; copies; proviso
Miss. Code Ann. § 81-27-8.113— Declaration of dividends; order of preference in distribution
Miss. Code Ann. § 81-27-8.114— Deposit of funds collected
Miss. Code Ann. § 81-27-8.115— Employment of counsel; accountants; and other experts; compensation
Miss. Code Ann. § 81-27-8.116— Unclaimed dividends held in trust
Miss. Code Ann. § 81-27-8.117— Action by the commissioner following full settlement
Miss. Code Ann. § 81-27-8.118— Annual report of the commissioner; items included
Miss. Code Ann. § 81-27-8.119— Compensation of the commissioner
Miss. Code Ann. § 81-27-8.120— Exclusive method of liquidation
Miss. Code Ann. § 81-27-8.121— Disposition of books and records
Miss. Code Ann. § 81-27-8.122— Destruction of books and records
Miss. Code Ann. § 81-27-8.123— Trust terminated on insolvency of state trust company
Miss. Code Ann. § 81-27-8.124— Petition for new trustee
Miss. Code Ann. § 81-27-8.125— Publication and notice
Miss. Code Ann. § 81-27-8.126— Appointment where no objection made
Miss. Code Ann. § 81-27-8.127— Hearing upon objection
Miss. Code Ann. § 81-27-8.128— Registration of final order
Miss. Code Ann. § 81-27-8.129— Petition and order applicable to all instruments
Miss. Code Ann. § 81-27-8.130— Additional remedy
Miss. Code Ann. § 81-27-8.131— Report to the Secretary of State