Mississippi § 81-27-5 - 104.
Full text of Mississippi Mississippi Code of 1972 Annotated § 81-27-5 — 104., with citation guidance and answers to common questions.
§ 81-27-5. 104.
A state trust company may invest for its own account in equity securities of an investment company registered under the Investment Company Act of 1940 (15 USCS Section 80a-1 et seq.) and the Securities Act of 1933 (15 USCS Section 77a et seq.) if the portfolio of the investment company consists wholly of investments in which the state trust company could invest directly for its own account. If the portfolio of an investment company described in subsection (a) of this section consists wholly of investments in which the state trust company could invest directly without limitation under Section 81-27-5.101(d), the state trust company may invest in the investment company without limitation. If the portfolio of an investment company described in subsection (a) of this section contains any investment that is subject to the limits of Section 81-27-5.101(c), the state trust company may invest in the investment company not more than an amount equal to fifteen percent (15%) of the state trust company’s capital. This provision does not apply to a money market fund. In evaluating investment limits under this article, a state trust company may not be required to combine: The state trust company’s pro rata share of the securities of an issuer in the portfolio of an investment company with the state trust company’s pro rata share of the securities of that issuer held by another investment company in which the state trust company has invested; or The state trust company’s own direct investment in the securities of an issuer with the state trust company’s pro rata share of the securities of that issuer held by each investment company in which the state trust company has invested under this section.
Frequently Asked Questions About Mississippi § 81-27-5
What does Mississippi Code of 1972 Annotated § 81-27-5 cover?
Section 81-27-5 ("104.") 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 § 81-27-5?
A common citation format is "Mississippi Code of 1972 Annotated § 81-27-5" (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 § 81-27-5 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.