Mississippi § 81-27-1 - 101.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-27-1 — 101., with citation guidance and answers to common questions.
§ 81-27-1. 101.
No company shall act as a fiduciary in this state except: A state trust company; A state bank; A savings association organized under the laws of this state and authorized to act as a fiduciary pursuant to Section 81-12-1 et seq. or Section 81-14-1 et seq.; A national bank having its principal office in this state and authorized by the Comptroller of the Currency to act as a fiduciary pursuant to 12 USCS 92a; A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary; An out-of-state bank with a branch in this state established or maintained pursuant to Section 81-23-1 et seq. or a trust office licensed by the commissioner pursuant to this chapter; An out-of-state trust company with a trust office licensed by the commissioner pursuant to this chapter; or A foreign bank with a trust office licensed by the commissioner pursuant to this chapter. No company shall engage in an unauthorized trust activity.
Frequently Asked Questions About Mississippi § 81-27-1
What does Mississippi Code of 1972 Annotated § 81-27-1 cover?
Section 81-27-1 ("101.") 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 § 81-27-1?
A common citation format is "Mississippi Code of 1972 Annotated § 81-27-1" (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 § 81-27-1 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.