Mississippi § 43-33-705 - Fiduciary bond; premiums.
Full text of Mississippi Mississippi Code of 1972 Annotated § 43-33-705 — Fiduciary bond; premiums., with citation guidance and answers to common questions.
§ 43-33-705. Fiduciary bond; premiums.
All directors, officers, employees or agents exercising any voting power or discretionary authority shall be required prior to the issuance of any bonds by the corporation to have issued by a surety company licensed to do business in the State of Mississippi a fiduciary bond in the amount of Fifty Thousand Dollars ($50,000.00) for the faithful performance of their duties. The corporation shall pay the premiums on such bonds.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 43-33-705
What does Mississippi Code of 1972 Annotated § 43-33-705 cover?
Section 43-33-705 ("Fiduciary bond; premiums.") 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 § 43-33-705?
A common citation format is "Mississippi Code of 1972 Annotated § 43-33-705" (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 § 43-33-705 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.