GroundRules
Miss. Code Ann. § 81-27-6.310: Other provisions related to a limited liability trust company.
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.
For purposes of the provisions of this chapter other than this subarticle, as the context requires:
(1) A manager and the board of managers are considered to be a director and the board of directors, respectively;
(2) If there is not a board of managers, a participant is considered to be a director and all of the participants are considered to be the board of directors;
(3) A participant or participant-transferee is considered to be a shareholder;
(4) A participation share is considered to be a share of stock; and
(5) A distribution is considered to be a dividend.
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