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§ 81-27-5-105 — Mississippi Law | CourtGPT
  1. Home/
  2. Laws/
  3. Mississippi/
  4. Title 81 - Banks and Financial Institutions/
  5. Chapter 27 - Multistate, State and Limited Liability Trust Institutions/
  6. Article 5 - Investments, Loans and Deposits Sub/
  7. Subarticle B - State Trust Company Investments/
  8. § 81-27-5-105
Mississippi Legal Code

§ 81-27-5-105

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Except as otherwise provided by this chapter or rules adopted under this chapter, a state trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not part of the state trust business, except as necessary to fulfill a fiduciary obligation to a client. Laws, 1998, ch. 437, § 1, eff. 7/1/1998.