Mississippi § 57-71-5 - Definitions.
Full text of Mississippi Mississippi Code of 1972 Annotated § 57-71-5 — Definitions., with citation guidance and answers to common questions.
§ 57-71-5. Definitions.
The following words and phrases when used in this act shall have the meaning given to them in this section unless the context clearly indicates otherwise: “MBFC” or “company” means the Mississippi Business Finance Corporation. “Private company” means any agricultural, aquacultural, horticultural, industrial, manufacturing or research and development enterprise or enterprises, or the lessor thereof, or any commercial enterprise approved by the Mississippi Business Finance Corporation; however, the term “private company” shall not include any business, corporation or entity having a gaming license issued under Section 75-76-1 et seq. “Qualified financial institution” means any commercial bank or savings and loan institution approved by the Mississippi Business Finance Corporation to provide letters of credit under this act. “Letter of credit” means a letter of credit obligation from a qualified financial institution approved by the Mississippi Business Finance Corporation. “Planning and development districts” means the organized planning and development districts in Mississippi. “Director” means the Executive Director of the Mississippi Business Finance Corporation. “Seller” means the State Bond Commission.
Frequently Asked Questions About Mississippi § 57-71-5
What does Mississippi Code of 1972 Annotated § 57-71-5 cover?
Section 57-71-5 ("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 § 57-71-5?
A common citation format is "Mississippi Code of 1972 Annotated § 57-71-5" (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 § 57-71-5 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.