Mississippi § 81-27-3 - 201.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-27-3 — 201., with citation guidance and answers to common questions.
§ 81-27-3. 201.
Any person acting as a trustee or as any other fiduciary under the laws of this state may delegate any investment, management or administrative function if such person exercises reasonable care, judgment and caution in: Selecting the delegate, taking into account the delegate’s financial standing and reputation; Establishing the scope and other terms of any delegation; and Reviewing periodically the delegate’s actions in order to monitor overall performance and compliance with the scope and other terms of the delegation. Notwithstanding any delegation permitted by subsection (a) of this section, any person acting as a trustee or in any other fiduciary capacity under the laws of this state shall retain responsibility for the due performance of any delegated fiduciary function.
Frequently Asked Questions About Mississippi § 81-27-3
What does Mississippi Code of 1972 Annotated § 81-27-3 cover?
Section 81-27-3 ("201.") 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 § 81-27-3?
A common citation format is "Mississippi Code of 1972 Annotated § 81-27-3" (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 § 81-27-3 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.