GroundRules
Miss. Code Ann. § 79-4-6.31: Corporation’s acquisition of its own shares.
Where this section sits in the code
- Title 79. Corporations, Associations, and Partnerships
- Chapter 4. Mississippi Business Corporation Act
- Article 6. Shares and Distributions.
- Subarticle C. Subsequent Acquisition of Shares by Shareholders and Corporation.
(a) A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
(b) If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
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