No stock sale shall be approved at a par value of less than One Dollar ($1.00) per share, and no stock sale shall be approved in which commissions paid to salesmen, agents, or brokers exceed ten percent (10%) of the asking price of the stock.
Miss. Code Ann. § 83-19-37
Stock sale
Codes, 1942, § 5661-02; Laws, 1958, ch. 438, § 3, eff from and after passage (approved May 6, 1958
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.