{"data":{"id":"us-ms/miss.-code-ann.-81-27-3.201","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 81-27-3.201","heading":"Delegation and fiduciary responsibility.","body":"(a) Any person acting as a trustee or as any other fiduciary under the laws of this state may delegate any investment, management or administrative function if such person exercises reasonable care, judgment and caution in:\n(1) Selecting the delegate, taking into account the delegate’s financial standing and reputation;\n(2) Establishing the scope and other terms of any delegation; and\n(3) Reviewing periodically the delegate’s actions in order to monitor overall performance and compliance with the scope and other terms of the delegation.\n(b) Notwithstanding any delegation permitted by subsection (a) of this section, any person acting as a trustee or in any other fiduciary capacity under the laws of this state shall retain responsibility for the due performance of any delegated fiduciary function.","path":["Title 81. Banks and Financial Institutions","Chapter 27. Multistate, State and Limited Liability Trust Institutions","Article 3. Trusts and Fiduciaries.","Subarticle C. Delegation; Affiliates."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.81.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:28Z","sha256":"bef9a176f477cfc114587c3270b68767086f584c673a0e498e2bc767615eb6ad","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-81-27-3.103","next":"us-ms/miss.-code-ann.-81-27-3.202","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."}