Mississippi § 43-33-757 - Term of corporate existence; termination.
Full text of Mississippi Mississippi Code of 1972 Annotated § 43-33-757 — Term of corporate existence; termination., with citation guidance and answers to common questions.
§ 43-33-757. Term of corporate existence; termination.
The corporation and its corporate existence shall continue until terminated by law, provided that no such law shall take effect so long as the corporation shall have bonds, notes, or other obligations outstanding, unless adequate provision has been made for the payment thereof. Upon termination of the existence of the corporation, all of its rights and properties in excess of its obligations shall pass to and be vested in the state as follows: All excess monies shall be deposited into the General Fund of the State Treasury; and All of the property shall be vested in the State Fiscal Management Board, or its successor, unless otherwise provided by the Legislature.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 43-33-757
What does Mississippi Code of 1972 Annotated § 43-33-757 cover?
Section 43-33-757 ("Term of corporate existence; termination.") 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 § 43-33-757?
A common citation format is "Mississippi Code of 1972 Annotated § 43-33-757" (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 § 43-33-757 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.