reglab/housing_qa huggingface dataset:
MS Code § 79-14-1203 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 14 - Mississippi Uniform Limited Partnership Act|Article 12 - Miscellaneous Provisions|§ 79-14-1203. Savings clause

 This chapter does not affect an action commenced, proceeding brought, or right accrued before July 1, 2015.
MS Code § 79-14-1204 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 14 - Mississippi Uniform Limited Partnership Act|Article 12 - Miscellaneous Provisions|§ 79-14-1204. Severability clause

 If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.
MS Code § 79-14-1301 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 14 - Mississippi Uniform Limited Partnership Act|Article 13 - Fees|§ 79-14-1301. Fees

 Pursuant to this chapter, the Secretary of State shall charge and collect a fee for:    Reservation, Cancellation or Transfer of PartnershipName. . . . . $25.00   Filing of Certificate of Limited Partnership. . . . .50.00   Filing of Amendment to Certificate of LimitedPartnership. . . . .50.00   Filing of Statement of Dissolution. . . . .25.00   [Reserved]   Filing of Restated Certificate of Limited Partnershipor Amended and Restated Certificate of LimitedPartnership. . . . .25.00   Filing of Statement of Withdrawal. . . . .25.00   Filing of Application for Registration of Foreign LimitedPartnership. . . . .250.00   Filing of Certificate Correcting Application orRegistration of Foreign Limited Partnership. . . . .50.00   Filing of withdrawal of Registration of ForeignLimited Partnership. . . . .25.00   Certificate of Administrative Dissolution. . . . .No fee   Filing of Application for Reinstatement FollowingAdministrative Dissolution. . . . .50.00   Certificate of Revocation of Registration to TransactBusiness. . . . .No fee   Filing of Application for Reinstatement FollowingAdministrative Revocation. . . . .100.00   Any other document required or permitted to befiled by Section 79-14-101 et seq. . . . .25.00
MS Code § 79-15-1 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-1. Short title

 This chapter may be cited as "The Mississippi Investment Trust Law."
MS Code § 79-15-3 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-3. Definitions

  An "investment trust" is an express trust created by a written declaration of trust whereby three (3) or more trustees agree to hold and manage in trust property conveyed or to be conveyed to them as trustees for the benefit of such persons as may be or become holders of transferable certificates evidencing the beneficial interest in the trust estate. An investment trust organized in conformity with and by specific reference to this chapter is declared to be neither a general nor a limited partnership, even though the declaration of trust may contain provisions not expressly or by implication contained in this chapter, and even though one (1) or more of the trustees may be or become the holder of a certificate of beneficial interest in the investment trust of which he is trustee.   A "foreign investment trust" is an investment trust for profit organized under laws other than the laws of this state for a purpose or purposes for which an investment trust may be organized under this chapter.
MS Code § 79-15-5 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-5. Organization

  An investment trust may be established by a declaration of trust, duly executed by three or more trustees, for any lawful purpose including, but not limited to, acquiring, managing, improving, leasing, dealing in, selling, or otherwise alienating, mortgaging, or otherwise encumbering, real and personal property of all kinds, and descriptions, including, dealing in, purchasing, holding, selling and exchanging stocks, bonds, mortgages, deeds of trust and other securities of all kinds and descriptions; receiving the income, dividends, rents, profits and returns therefrom, and investing same or distributing same to the beneficial owners of the trust in accordance with the terms of the declaration of trust.   At all times during the existence of the investment trust, at least one of the trustees shall be a natural person and a resident of the State of Mississippi. The other trustees need not be natural persons or residents of this state unless the declaration of trust or bylaws so require. The declaration of trust or bylaws may provide other or additional qualifications for the trustees consistent with this chapter.
MS Code § 79-15-7 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-7. What declaration shall contain

 The declaration of trust of an investment trust shall contain:   The name under which the trust shall conduct its business, which name shall include the words "investment trust" but shall not include the words "trust company."   An express statement that the trust is formed pursuant to this chapter, as now or hereafter amended, and that all provisions of the declaration of trust are subject to and intended to be construed in conformity with the provisions of this chapter, as now or hereafter amended.   The post-office address of the principal office and place of business of the trust.   The full name and post-office address of the initial trustees of the trust.   The aggregate number of shares of beneficial interest which the trust shall have authority to issue, the unit value in dollars to be received by the trust for the issuance of each of such shares, and a statement that each share shall be equal in all respects to every other share.   The manner of calling and conducting meetings of the holders of certificates of beneficial interest, and the mode or voting by proxy, provided that a meeting of the holders of certificates of beneficial interest shall be held at least annually.   A requirement that the trustees shall keep accurate and complete books of account and shall keep minutes of the proceedings of the trustees and shall keep a record of the holders of certificates of beneficial interest, giving the names and addresses of all such holders and the number of shares held by each, which books and records shall be available for inspection by any holders of a certificate of beneficial interest, at the principal place of business during normal business hours, upon reasonable notice. Provided, that nothing in this chapter shall impair the power of any court of competent jurisdiction upon a proper showing to compel the production, for examination of the books and the records of account, minutes, and record of holders of certificates of beneficial interest, by any person who for cause shown is entitled to conduct such examination.   The declaration of trust may contain any other terms and provisions deemed necessary or desirable for the purposes of the investment trust and consistent with this chapter.
MS Code § 79-15-9 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-9. Powers and liabilities of trustees

  The trustees shall hold the legal title to all property at any time belonging to the investment trust, and shall have complete control over the management, operation, disposition, investment and reinvestment of such property and complete control of the management of the business affairs of the investment trust. The trustees may, if so provided in the declaration of trust, elect one of their number as chairman and elect such other officers as may be provided in the declaration of trust. The trustees may designate one or more of their number to act for and on behalf of the trustees in the execution of deeds, notes and other written instruments.   The trustees shall have such powers as to the investment and management of the trust estate as may be set out in the declaration of trust, without regard to the type of investments to which trustees generally are restricted by the provisions of Section 91-13-1, Mississippi Code of 1972, as now or hereafter amended, or by any other statute or rule of law or equity. Unless the declaration of trust shall so provide, it shall not be necessary for an investment trust or the trustees thereof to file an accounting with any court, except upon liquidation of the trust. Provided, however, that nothing in this chapter shall impair the power of any court of competent jurisdiction, upon a proper showing of cause, to compel an accounting by the trustees of an investment trust of all funds held by them in such capacity.   Liability to third persons for any act, omission, or obligation of an investment trust or of a trustee of an investment trust, when acting in such capacity, shall extend to the whole of the trust estate or to so much thereof as may be necessary to discharge such liability, but no trustee shall be personally or individually liable to third persons for any such act, omission, or obligation, unless such trustee with respect to such act, omission, or obligation engaged in intentional fraud or other unlawful conduct prohibited by statute.
MS Code § 79-15-11 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-11. Certificates of beneficial interest

  The beneficial ownership of an investment trust shall be evidenced by certificates issued by the trustees in units of value to be provided by the trust instrument. No investment trust shall issue certificates of beneficial interest except for money, labor done, or services rendered or property actually received for the use and lawful purposes of the investment trust. Any investment trust may purchase any property authorized by its declaration of trust, or necessary for the use and lawful purposes of such investment trust, and may issue certificates of beneficial interest to the amount of the value thereof in payment therefor. Any certificate of beneficial interest issued in compliance with this section shall be fully paid, and the holder thereof shall not be liable to any further call or for any further payment. No assessment shall be made against the interest of any holder of such fully paid certificates. In the absence of fraud in the transaction, the judgment of the trustees as to the value of labor done or services performed or property purchased shall be conclusive. For the purpose of determining whether certificates of beneficial interest of any investment trust are fully paid and not liable to any further call, no deduction shall be made in computing the amount of consideration received by such investment trust for such certificates of beneficial interest, for such reasonable compensation or discount in the sale, underwriting, or purchase of such certificates by underwriters or dealers or others performing similar services as may be paid or allowed by the investment trust; and for such purpose the judgment of the trustees as the value of such services shall be conclusive in the absence of fraud in the transaction.   The certificates of beneficial interest issued pursuant to this section shall be transferable in the same manner as stock certificates of a business corporation are transferable, and the issuance and transfer of such certificates of beneficial interest shall be governed by the statutes applicable to the issuance and transfer of stock of business corporations to the extent that such statutes are not inconsistent with the provisions and purposes of this chapter.
MS Code § 79-15-13 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-13. Liability of holders of certificates of beneficial interest

 No holder of a fully paid certificate of beneficial interest in an investment trust shall be personally or individually liable in any manner whatever for any debts, acts, omissions, or obligations incurred by the trustees or by the investment trust. It is expressly declared to be the intention of this chapter that the holders of fully paid certificates of beneficial interest issued by an investment trust organized pursuant to this chapter shall not be considered to be partners, either general or limited, in the business of the trust, and the limited liability provided by this section shall not be altered by reason of the fact that the declaration of trust may contain a provision for the election of successor trustees by the holders of certificates of beneficial interest.
MS Code § 79-15-15 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-15. The election and removal of trustees

 The declaration of trust shall provide for the annual election of successor trustees by the holders of certificates of beneficial interest, and shall further provide for the election of successor trustees by the holder of beneficial interest in the event of the death, resignation or removal of a trustee. The election of successor trustees shall not be deemed an amendment to the declaration of trust within the meaning of this chapter.
MS Code § 79-15-17 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-17. Amendment of declaration of trust

  The declaration of trust shall provide that it can be amended only by the affirmative vote of the holders of at least two thirds (2/3) of the amount of the then outstanding certificates of beneficial interest. If the declaration of trust shall provide that an amendment to the declaration of trust shall require an affirmative vote of holders of a greater percentage in the amount of then outstanding certificates of beneficial interest than provided by this section, then the declaration of trust shall control. The foregoing provisions shall not be applicable to an amendment made to a declaration of trust at any time prior to the issuance of certificates of beneficial interest; at any time prior to the issuance of certificates and beneficial interest, the declaration of trust may be amended by affirmative vote of a majority of the trustees.   No amendment to the declaration of trust shall be effective to alter or expand the liability of the trustees or the liability of the holders of fully paid certificates of beneficial interest, contrary to the liability provided in this chapter.
MS Code § 79-15-19 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-19. Recording

 The declaration of trust shall be signed and acknowledged by the initial trustees and recorded in the office of the clerk of the chancery court in the county in which the principal place of business of the investment trust is located, and also with the Secretary of State of Mississippi, and such officers are authorized to charge a fee for such recording, as in the manner and in the amount provided for the recording of articles of incorporation of business corporations. Amendments to declarations of trust shall be recorded in the manner above set out for the original.
MS Code § 79-15-23 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-23. How investment trust sued

  An investment trust may sue or be sued as a separate and distinct entity, under the name set forth in the declaration of trust, and it shall not be necessary to join the trustees individually or the holders of certificates of beneficial interest as parties plaintiff or defendant. An investment trust may be sued, at law or in equity, for debts and other obligations incurred by the trustees in the performance of their duties under the declaration of trust, and for damages to third persons resulting from the negligence of such trustees in the performance of their duties under the declaration of trust, and its property shall be subject to attachment and execution, all in like manner as if it were a corporation.   The trustees shall severally be agents for service of process upon an investment trust. An investment trust organized pursuant to this chapter shall be deemed to be domiciled in the State of Mississippi and in the county of its principal office and place of business within that state, without regard to the residence of the trustees.
MS Code § 79-15-25 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-25. How investment trust taxed

 The income of an investment trust shall be taxed as if the investment trust were a business corporation with the exception of the dividend deduction allowed an investment trust under Section 27-7-17. An investment trust shall be deemed a domestic corporation for purposes of the corporation franchise tax imposed by Sections 27-13-1 through 27-13-61, Mississippi Code of 1972.
MS Code § 79-15-27 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-27. Effect of chapter on prior rights, duties, penalties and proceedings

 This chapter shall not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before May 15, 1962.
MS Code § 79-15-29 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|General Provisions|§ 79-15-29. Applicability of other laws; repeals

 The provisions of the Investment Securities chapter and other appropriate provisions of the Mississippi Uniform Commercial Code, and the provisions of the Mississippi Blue Sky Laws, Sections 75-71-1 through 75-71-57, Mississippi Code of 1972, and the regulations and rules adopted thereunder, and the provisions of the Fiduciary Transfer Law, Sections 91-11-1 through 91-11-21, Mississippi Code of 1972, shall be applicable to investment trusts organized pursuant to this chapter. All other laws applicable to business corporations organized for profit shall be applicable to investment trusts organized pursuant to this chapter, to the extent that such laws are not inconsistent with the provisions and purposes of this chapter. All laws or parts of laws in conflict with the provisions of this chapter are hereby repealed to the extent of such conflict only.
MS Code § 79-15-101 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|Foreign Investment Trusts|§ 79-15-101. Certificate of authority; necessity of; what constitutes not transacting business

 No foreign investment trust shall have the right to transact business in this state until it shall have procured a certificate of authority so to do from the secretary of state. No foreign investment trust shall be entitled to procure a certificate of authority under Sections 79-15-101 through 79-15-139 to transact in this state any business which an investment trust organized under the Mississippi Investment Trust Law is not permitted to transact. A foreign investment trust shall not be denied a certificate of authority by reason of the fact that the laws of the state or country under which such foreign investment trust is organized governing its organization and internal affairs differ from the laws of this state, and nothing contained in Sections 79-15-101 through 79-15-139 shall be construed to authorize this state to regulate the organization or the internal affairs of such foreign investment trust.   Without excluding other activities which may not constitute transacting business in this state, a foreign investment trust shall not be considered to be transacting business in this state, for the purposes of Sections 79-15-101 through 79-15-139, by reason of carrying on in this state any one (1) or more of the following activities:   Maintaining or defending any action or suit or any administrative or arbitration proceeding, or effecting the settlement thereof or the settlement of claims or disputes.   Maintaining bank accounts.   Maintaining offices or agencies for the transfer, exchange and registration of its securities, or appointing and maintaining trustees or depositaries with relation to its securities.   Soliciting or procuring orders, whether by mail or through employees or agents or otherwise, where such orders require acceptance without this state before becoming binding contracts.   Transacting any business in interstate commerce.   Conducting an isolated transaction completed within a period of thirty (30) days and not in the course of a number of repeated transactions of like nature.   Investing in or acquiring, in transactions outside of Mississippi, royalties and other non-operating mineral interests, and the execution of division orders, contracts of sale and other instruments incidental to the ownership of such non-operating mineral interests.
MS Code § 79-15-103 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|Foreign Investment Trusts|§ 79-15-103. Rights and responsibilities similar to domestic trusts

 A foreign investment trust which shall have received a certificate of authority under Sections 79-15-101 through 79-15-139 shall, until a certificate of revocation or of withdrawal shall have been issued as provided in Sections 79-15-123 through 79-15-129, enjoy the same, but no greater, rights and privileges as a domestic investment trust organized for the purposes set forth in the application pursuant to which such certificate of authority is issued; and, except as in Sections 79-15-101 through 79-15-139 otherwise provided, shall be subject to the same duties, restrictions, penalties and liabilities now or hereafter imposed upon a domestic investment trust of like character.
MS Code § 79-15-105 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|Foreign Investment Trusts|§ 79-15-105. Name of foreign investment trust

 No certificate of authority shall be issued to a foreign investment trust unless the name of such foreign investment trust:   shall contain the words "investment trust", or such foreign investment trust shall, for use in this state, add at the end of its name the words "investment trust".   shall not contain any word or phrase which indicates or implies that it is organized for any purpose other than one or more of the purposes contained in its declaration of trust.   shall not be the same as, or deceptively similar to, the name of any domestic investment trust existing under the laws of this state or any foreign investment trust authorized to transact business in this state.
MS Code § 79-15-107 (2020)
2020 Mississippi Code|Title 79 - Corporations, Associations, and Partnerships|Chapter 15 - Investment Trusts|Foreign Investment Trusts|§ 79-15-107. Prohibited change of name; penalties

 Whenever a foreign investment trust which is authorized to transact business in this state shall change its name to one under which a certificate of authority would not be granted to it on application therefor, the certificate of authority of such foreign investment trust shall be suspended and it shall not thereafter transact any business in this state until it has changed its name to a name which is available to it under the laws of this state.