GroundRules
Miss. Code Ann. § 81-27-6.303: Contracting debts and obligations.
Where this section sits in the code
- Title 81. Banks and Financial Institutions
- Chapter 27. Multistate, State and Limited Liability Trust Institutions
- Article 6. Additional Definitions; Ownership; Governance; Mergers.
- Subarticle D. Special Provisions for Limited Liability Trust Companies.
Except as provided by this section or the articles of association of the limited liability trust company, debts, liabilities, and other obligations may be contracted for or incurred on behalf of a limited liability trust company by:
(1) A majority of the managers, if management of the limited liability trust company has been vested in a board of managers;
(2) A majority of the managing participants; or
(3) An officer or other agent vested with actual or apparent authority to contract for or incur the debt, liability, or other obligation.
Collected 2026-10-27T05:54:28Z. 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