Mississippi § 83-45-13 - Dissolution.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-45-13 — Dissolution., with citation guidance and answers to common questions.
§ 83-45-13. Dissolution.
Upon dissolution of such organization, the department of insurance shall be satisfied that all policyholders/members’ claims have been paid before approving the release of deposits. In event of dissolution and surrender of articles of association and/or charter, any surplus after reimbursement of organizational funds and any other contribution to surplus shall be prorated among such organizing contributors at the highest rate of interest possible, not to exceed ten percent (10%). When and if surplus exists in excess of reimbursements hereinabove set out, such amount shall escheat to the general fund of the State of Mississippi upon dissolution of the company or organization.
Frequently Asked Questions About Mississippi § 83-45-13
What does Mississippi Code of 1972 Annotated § 83-45-13 cover?
Section 83-45-13 ("Dissolution.") 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 § 83-45-13?
A common citation format is "Mississippi Code of 1972 Annotated § 83-45-13" (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 § 83-45-13 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.