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Section 79-10-33 - Notice of professional corporation status on shares — Mississippi Law | CourtGPT
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  5. Chapter 10 - Mississippi Professional Corporation Act/
  6. Article 3 - Shares/
  7. Section 79-10-33 - Notice of professional corporation status on shares
Mississippi Legal Code

Section 79-10-33 - Notice of professional corporation status on shares

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(1) In addition to any other statement required or permitted by applicable law, the following statement must appear conspicuously on each share certificate issued by a professional corporation: The transfer of shares of a professional corporation is restricted by the Mississippi Professional Corporation Act. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation.(2) Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice containing the statement required by subsection (1).Laws, 1995, ch. 494, § 11, eff. 7/1/1995.