Miss. Code Ann. § 83-31-179: Fees, costs and expenses.
Where this section sits in the code
- Title 83. Insurance
- Chapter 31. Mutual Companies
- Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act
(1) A director, officer, agent or employee of the mutual insurance company may not receive a fee, commission or other consideration other than that person’s usual salary or compensation for aiding, promoting or assisting in a plan of reorganization under Sections 83-31-47 or 83-31-101 through 83-31-181, except as provided by the plan of reorganization approved by the commissioner.
(2) All the costs and expenses connected with a plan of reorganization shall be paid for or reimbursed by the mutual insurance company or the mutual insurance holding company.
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