Mississippi § 45-45-35 - Mississippi Elevator and Conveyance Fund created; source and use of monies in fund.
Full text of Mississippi Mississippi Code of 1972 Annotated § 45-45-35 — Mississippi Elevator and Conveyance Fund created; source and use of monies in fund., with citation guidance and answers to common questions.
§ 45-45-35. Mississippi Elevator and Conveyance Fund created; source and use of monies in fund.
There is created a special fund to be designated as the “Mississippi Elevator and Conveyance Fund.” The fund shall consist of monies appropriated by the act of the Legislature and monies collected by the Commissioner of Insurance for licenses, fees and penalties levied pursuant to this chapter. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited to the credit of the fund. The Commissioner of Insurance may contract with a third party to assist the commissioner with carrying out the purposes of this chapter. The Commissioner of Insurance may use the monies in this fund to defray the costs of administration of this chapter, including, but not limited to, using the monies in this fund to pay a third party a reasonable fee for its services.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 45-45-35
What does Mississippi Code of 1972 Annotated § 45-45-35 cover?
Section 45-45-35 ("Mississippi Elevator and Conveyance Fund created; source and use of monies in fund.") 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 § 45-45-35?
A common citation format is "Mississippi Code of 1972 Annotated § 45-45-35" (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 § 45-45-35 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.