{"data":{"id":"us-ms/miss.-code-ann.-79-4-12.01","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 79-4-12.01","heading":"Disposition of assets not requiring shareholder approval.","body":"No approval of the shareholders of a corporation is required, unless the articles of incorporation otherwise provide:\n(1) To sell, lease, exchange, or otherwise dispose of any or all of the corporation’s assets in the usual and regular course of business;\n(2) To mortgage, pledge, dedicate to the repayment of indebtedness (whether with or without recourse) or otherwise encumber any or all of the corporation’s assets, whether or not in the usual and regular course of business;\n(3) To transfer any or all of the corporation’s assets to one or more corporations or other entities all of the shares or interests of which are owned by the corporation; or\n(4) To distribute assets pro rata to the holders of one or more classes or series of the corporation’s shares.","path":["Title 79. Corporations, Associations, and Partnerships","Chapter 4. Mississippi Business Corporation Act","Article 12. Sale of Assets."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.79.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:23Z","sha256":"06549cfde7f24de0fa65da6592b39a112fde1052c6552ae37903a13fea6516d8","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-79-4-11.08","next":"us-ms/miss.-code-ann.-79-4-12.02","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"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.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"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.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}