Mississippi § 57-10-505 - Definitions.
Full text of Mississippi Mississippi Code of 1972 Annotated § 57-10-505 — Definitions., with citation guidance and answers to common questions.
§ 57-10-505. Definitions.
The following words and phrases when used in this article shall have the meaning given to them in this section unless the context clearly indicates otherwise: “Assistance” means a loan to a small business or an equity investment in a small business by a planning and development district in accordance with this article. “DECD” means the Mississippi Development Authority. “Equity investment” means an investment in the ownership of a small business incorporated in Mississippi by a planning and development district in accordance with this article. “General Fund” means the General Fund of the State of Mississippi. “Loan” means a loan by a planning and development district to a small business in accordance with this article. “MDA” means the Mississippi Development Authority. “Planning and development districts” means an organized planning and development district in Mississippi. “Program” means the Mississippi Small Business Assistance Program established in this article. “Qualified entities” means small business investment corporations, community development corporations and other similar entities approved by the Mississippi Business Finance Corporation to participate in the program. “Seller” means the State Bond Commission. “Small business” means any commercial enterprise with less than one hundred (100) full-time employees, less than Seven Million Dollars ($7,000,000.00) in net worth or less than Seven Hundred Fifty Thousand Dollars ($750,000.00) in net annual profit after taxes.
Frequently Asked Questions About Mississippi § 57-10-505
What does Mississippi Code of 1972 Annotated § 57-10-505 cover?
Section 57-10-505 ("Definitions.") 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 § 57-10-505?
A common citation format is "Mississippi Code of 1972 Annotated § 57-10-505" (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 § 57-10-505 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.