Mississippi § 91-9-715 - Qualified trustees; advisors.
Full text of Mississippi Mississippi Code of 1972 Annotated § 91-9-715 — Qualified trustees; advisors., with citation guidance and answers to common questions.
§ 91-9-715. Qualified trustees; advisors.
For purposes of this article, neither the transferor nor any other natural person who is a nonresident of this state nor an entity that is not authorized by the law of this state to act as a trustee or whose activities are not subject to supervision as provided in Section 91-9-703(k)(1) shall be considered a qualified trustee; however, nothing in this article shall preclude a transferor from appointing one (1) or more advisors, including, but not limited to: Advisors who have authority under the terms of the trust instrument to remove and appoint qualified trustees or trust advisors; Advisors who have authority under the terms of the trust instrument to direct, consent to or disapprove distributions from the trust; and Investment advisors, whether or not the advisors would meet the requirements imposed by Section 91-9-703(k). For purposes of subsection (a), “advisor” includes a trust “protector” or any other person who, in addition to a qualified trustee, holds one or more trust powers.
Frequently Asked Questions About Mississippi § 91-9-715
What does Mississippi Code of 1972 Annotated § 91-9-715 cover?
Section 91-9-715 ("Qualified trustees; advisors.") 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 § 91-9-715?
A common citation format is "Mississippi Code of 1972 Annotated § 91-9-715" (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 § 91-9-715 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.