GroundRules
Miss. Code Ann. § 79-29-709: Powers of personal representative of deceased, incompetent or dissolved member.
Where this section sits in the code
- Title 79. Corporations, Associations, and Partnerships
- Chapter 29. Revised Mississippi Limited Liability Company Act
- Article 7. Assignment of Financial Interests.
(1) If a court of competent jurisdiction adjudges a member to be incompetent, the member’s personal representative may exercise all rights until such time that the member’s competency is regained, including the member’s governance rights, on behalf of the member and any power under an operating agreement of an assignee to become a member.
(2) If a member who is an individual dies, a personal representative of the member’s estate may exercise all rights for the purpose of settling the estate, including the governance rights that were held by such member at the time of the member’s death and any power under an operating agreement of an assignee to become a member.
(3) If a member is a corporation, trust or other entity and such entity is dissolved, terminated or liquidated, the personal representative of the entity may exercise all rights and powers of that member until a successor is established, including the member’s governance rights.
Collected 2026-10-27T05:54:23Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source