Mississippi § 57-10-103 - Declaration of intent; construction.
Full text of Mississippi Mississippi Code of 1972 Annotated § 57-10-103 — Declaration of intent; construction., with citation guidance and answers to common questions.
§ 57-10-103. Declaration of intent; construction.
The increasing need for commercial financing at reasonable rates for the small businessman necessitates a new loan guaranty program in order that the economy of the state may continue to grow and prosper. It is the intent of this article to encourage small business loans by furnishing lending institutions additional security to place such loans on a sound, financial basis and reap statewide benefits resulting from an expanded economy. This article is intended to strengthen the economic security of this state and insure its permanent financial well-being. This article is hereby declared to be a public necessity, is remedial in purpose, and should be liberally construed to effect its purpose.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 57-10-103
What does Mississippi Code of 1972 Annotated § 57-10-103 cover?
Section 57-10-103 ("Declaration of intent; construction.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 57-10-103?
A common citation format is "Mississippi Code of 1972 Annotated § 57-10-103" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 57-10-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.