Mississippi § 83-21-5 - Deposit required for companies outside United States.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-21-5 — Deposit required for companies outside United States., with citation guidance and answers to common questions.
§ 83-21-5. Deposit required for companies outside United States.
No foreign company, if incorporated or organized under the laws of any government or state elsewhere than in the United States, shall be admitted until it has made a deposit with the treasurer of the state, or with the financial officer of some other states of the United States, of a sum not less than the capital required of like companies under this chapter. Such deposit must be in exclusive trust for the benefit and security of all the company’s policyholders and creditors in the United States, and such deposit shall be deemed for all purposes of the insurance law the capital of the company making it.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-21-5
What does Mississippi Code of 1972 Annotated § 83-21-5 cover?
Section 83-21-5 ("Deposit required for companies outside United States.") 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 § 83-21-5?
A common citation format is "Mississippi Code of 1972 Annotated § 83-21-5" (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 § 83-21-5 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.