reglab/housing_qa huggingface dataset:
MS Code § 91-13-3 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-3. Authority to prudently invest in all property

 In acquiring, investing, reinvesting, exchanging, retaining, selling, and managing property held in fiduciary capacity, the fiduciary shall exercise the judgment and care under the circumstances then prevailing which men of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital.   Within the limitations of the foregoing standard, a fiduciary is authorized to acquire and retain every kind of property, real, personal, or mixed, and every kind of investment, specifically including, but not by way of limitation, shares or interests in common trust funds, securities of any open-end or closed-end management type investment company or investment trust registered under the Federal Investment Company Act of 1940, as from time to time amended and, in addition, bonds, preferred stocks, or common stocks listed on a national securities exchange registered with the securities and exchange commission, which men of prudence, discretion, and intelligence acquire or retain for their own account. Within the limitations of the foregoing standard, a fiduciary may retain property properly acquired, without limitation as to time and without regard to its suitability for original purchase.
MS Code § 91-13-5 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-5. "Legal investment" construed

 Whenever the express terms or limitations set forth in any will, agreement, court order, or other instrument use the terms "legal investment" or "authorized investment" or words of similar import, such words shall be conclusively presumed to mean any investment authorized or permitted by Section 91-13-3.
MS Code § 91-13-6 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-6. Federally insured accounts and certificates of deposit as legal investments

 All trustees, guardians, administrators, executors and other fiduciaries may, without court order, if not prohibited by the instrument, judgment, decree or order establishing the fiduciary relationship, invest or deposit funds held in a fiduciary capacity in time certificates of deposit, savings accounts or other interest-bearing accounts of (a) any state or national bank (including itself, if such fiduciary be a bank) whose main office is located in the state and the deposits of which are insured by the Federal Deposit Insurance Corporation, or (b) any state or federal savings and loan association (including itself, if such fiduciary be a savings and loan association) whose main office is located in the state and the deposits of which are insured by the Federal Savings and Loan Insurance Corporation.
MS Code § 91-13-7 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-7. General powers of courts not affected

 Nothing contained in this chapter shall be construed to limit the power of a court of competent jurisdiction to permit a fiduciary to take any action authorized, or to restrain a fiduciary from taking any action prohibited by a decree of such court, notwithstanding the permissions or restrictions contained in any written instrument under which such fiduciary is acting.
MS Code § 91-13-8 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-8. Direct obligations of United States of America to include interests in certain open-end or closed-end management type investment company or investment trust

 All trustees, guardians, administrators, executors and other fiduciaries, whenever a governing instrument or order directs, requires, authorizes or permits investment in direct obligations of the United States of America, may invest in such obligations either directly or in the form of securities of, or other interests in, any open-end or closed-end management type investment company or investment trust registered under the provisions of 15 U.S.C. Section 80(a)-1 et seq., provided that the portfolio of such investment company or investment trust is limited to direct obligations of the United States of America and to repurchase agreements fully collateralized by direct obligations of the United States of America, and that such investment company or investment trust takes delivery of the collateral for any repurchase agreement, either directly or through an authorized custodian. This section shall not be construed to apply to the investment of any public funds; provided, however, that this section shall be construed to apply to the investment of public funds deposited with a bank trustee acting in a fiduciary capacity in connection with the sale and redemption of bonds, notes and other certificates of indebtedness, notwithstanding Section 31-19-5, Mississippi Code of 1972.
MS Code § 91-13-9 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-9. Application of chapter

 Fiduciaries acting under authority heretofore or hereafter granted shall be subject to the provisions of this chapter.   The powers granted by this chapter to trustees, guardians, and other fiduciaries shall be in addition to the powers existing by virtue of other laws heretofore enacted authorizing investments by fiduciaries.
MS Code § 91-13-11 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 13 - Fiduciary Investments|§ 91-13-11. Tennessee Valley Authority bonds and obligations as legal investments

 All bonds and other obligations issued by the Tennessee Valley Authority under the provisions of the Tennessee Valley Authority Act of 1933, as heretofore or hereafter amended, shall be legal investments for trustees and other fiduciaries, for the public employees' retirement system of Mississippi, and for banks, savings banks, trust companies, building and loan associations, and insurance companies organized under the laws of the State of Mississippi. Such bonds and obligations shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
MS Code § 91-15-1 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-1. Citation of chapter

 This chapter may be cited as the "release of power of appointment law."
MS Code § 91-15-3 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-3. Definitions

 When used in this chapter, unless the context otherwise requires:   "Power" includes any power to appoint or designate to whom property shall go, any power to invade property, any power to alter, amend, or revoke any instrument under which an estate or trust is held or created or to terminate any right or interest thereunder, and any power remaining where one or more partial releases have heretofore or hereafter been made with respect to a power, whether heretofore or hereafter created or reserved, whether vested, contingent, or conditional, and whether classified in law or known as a power in gross, a power appendant, a power appurtenant, a collateral power, a general, special, or limited power, exclusive or nonexclusive power, or otherwise, and irrespective of when, in what manner, or in whose favor it may be exercised.   "Donee" means any person, whether resident or nonresident of this state, who, either alone or with another, has the right to exercise a power.   "Objects" when used in connection with a power means the person in whose favor the power may be exercised.   "Property" when used in connection with a power means any and all property, whether real or personal, any and all interest in property, and any and all income from property, which is subject to the power, and includes any part of the property, any part of the interest in property, and any part of the income from property.   "Release" means renunciation, relinquishment, surrender, refusal to accept, extinguishment, and any other form of release.
MS Code § 91-15-5 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-5. Right to release

 Unless the instrument creating the power specifically provides to the contrary, the donee of a power, whether now existing or hereafter created, may:   At any time completely release his power.   At any time or times release his power: (one) as to any property which is subject thereto; (two) as to any one or more of the objects thereof; or (three) so as to limit in any other respect the extent to which it may be exercised.
MS Code § 91-15-7 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-7. Manner of effecting release

 A release of a power, whether partial or complete, shall be valid and effective with or without a consideration when the donee executes an instrument evidencing an intent to make the release, signed and acknowledged in the manner prescribed for the execution of deeds, and delivers the instrument or causes it to be delivered, either:   To an adult person who may take any of the property which is subject to the power in the event of its non-exercise, or to one in whose favor it may be exercised after such partial release; or   To any trustee or any co-trustee of the property which is subject to the power; or   By filing the same for recordation in the chancery clerk's office in the county and judicial district thereof in which any of the property is located, or in which either the donee or the trustee in control of the property resides, or in which the trustee has its principal office, or in which the instrument creating the power is probated or recorded.
MS Code § 91-15-9 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-9. Release heretofore made

 A release of a power executed prior to April 10, 1946, shall have the same effect as if this chapter had been in effect at the time the release was executed and delivered.
MS Code § 91-15-11 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-11. Right of release not exclusive

 The rights and means provided in this chapter for the release of a power are not exclusive, but are in addition to all other rights and means of a donee to release a power in whole or in part.
MS Code § 91-15-13 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-13. Delivery of release as notice

 Any fiduciary or other person, association, or corporation having the possession or control of any property subject to a power of appointment shall be deemed to have notice of a release of the power when the original or a copy of the release is delivered to such fiduciary or other person, association, or corporation.
MS Code § 91-15-15 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-15. Recordation as notice

 Any purchaser or mortgagee of real property subject to a power of appointment, who is without actual notice, shall be deemed to have notice of a release of the power when the original or duplicate original is filed for record in the chancery clerk's office in the county and judicial district thereof in which the particular real property so purchased or mortgaged is located, and when the deed, will, or other instrument creating the power, or a duly attested copy thereof, is recorded in the same office, and an appropriate notation is entered on the margin of the will or deed book where the instrument creating the power is recorded, referring to the deed book and page where the release is recorded.
MS Code § 91-15-17 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-17. Manner of recording release

 Clerks of chancery courts are authorized and directed to record releases of powers of appointment in the books provided for the recordation of deeds, to index the same in the current and general indexes, the name of the donee being entered on the grantor index, and to charge therefor at the rate applicable to deeds.
MS Code § 91-15-19 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-19. Release not invalid for failure to comply with certain sections

 No release shall be invalid or ineffective because of failure to comply with either Section 91-15-13 or Section 91-15-15.
MS Code § 91-15-21 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 15 - Release of Powers of Appointment|§ 91-15-21. Controlling effect of chapter

 In so far as the provisions of this chapter may conflict with other laws or parts thereof, the provisions of this chapter shall control.
MS Code § 91-17-1|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-1 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-1. [Codes, 1942, § 672-186; Laws, 1966, ch. 371, § 16, eff from and after January 1, 1967.]
MS Code § 91-17-3|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-3 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.   § 91-17-. [Codes, 1942, § 672-171; Laws, 1966, ch. 371, § 1, eff from and after January 1, 1967.]
MS Code § 91-17-5|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-5 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-5. [Codes, 1942, § 672-172; Laws, 1966, ch. 371, § 2, eff from and after January 1, 1967.]
MS Code § 91-17-7|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-7 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-7. [Codes, 1942, § 672-173; Laws, 1966, ch. 371, § 3, eff from and after January 1, 1967.]
MS Code § 91-17-9|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-9 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-9. [Codes, 1942, § 672-174; Laws, 1966, ch. 371, § 4, eff from and after January 1, 1967.]
MS Code § 91-17-11|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-11 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-11. [Codes, 1942, § 672-175; Laws, 1966, ch. 371, § 5, eff from and after January 1, 1967.]
MS Code § 91-17-13|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-13 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-13. [Codes, 1942, § 672-176; Laws, 1966, ch. 371, § 6, eff from and after January 1, 1967.]
MS Code § 91-17-15|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-15 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-15. [Codes, 1942, § 672-177; Laws, 1966, ch. 371, § 7, eff from and after January 1, 1967.]
MS Code § 91-17-17|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-17 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-17. [Codes, 1942, § 672-178; Laws, 1966, ch. 371, § 8, eff from and after January 1, 1967.]
MS Code § 91-17-19|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-19 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-19. [[Codes, 1942, § 672-179; Laws, 1966, ch. 371, § 9, eff from and after January 1, 1967.]
MS Code § 91-17-21|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-21 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-21. [Codes, 1942, § 672-180; Laws, 1966, ch. 371, § 10, eff from and after January 1, 1967.]
MS Code § 91-17-23|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-23 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-23. [Codes, 1942, § 672-181; Laws, 1966, ch. 371, § 11, eff from and after January 1, 1967.]
MS Code § 91-17-25|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-25 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-25. [Codes, 1942, § 672-183; Laws, 1966, ch. 371, § 12, eff from and after January 1, 1967.]
MS Code § 91-17-27|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-27 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-27. [Codes, 1942, § 672-183; Laws, 1966, ch. 371, § 13, eff from and after January 1, 1967.]
MS Code § 91-17-29|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-29 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-29. [Codes, 1942, § 672-184; Laws, 1966, ch. 371, § 14, eff from and after January 1, 1967.]
MS Code § 91-17-31|    Repealed (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 17 - Mississippi Principal and Income Act of 2013|§ 91-17-31 Repealed.

 Repealed by Laws, 2012, ch. 351, § 2, effective from and after January 1, 2013.    §91-17-31. [Codes, 1942, § 672-185; Laws, 1966, ch. 371, § 15, eff from and after January 1, 1967.]
MS Code § 91-20-1 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 20 - Transfers to Minors|§ 91-20-1. Short title

 This chapter may be cited as the "Mississippi Uniform Transfers to Minors Act."
MS Code § 91-20-3 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 20 - Transfers to Minors|§ 91-20-3. Definitions

 In this chapter:   "Adult" means an individual who has attained the age of twenty-one (21) years.   "Benefit plan" means an employer's plan for the benefit of an employee or partner.   "Broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others.   "Conservator" means a person appointed or qualified by a court to act as general, limited or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions.   "Court" means the chancery court of the county in which the parties reside.   "Custodial property" means (i) any interest in property transferred to a custodian under this chapter and (ii) the income from and proceeds of that interest in property.    "Custodian" means a person so designated under §91-20-19 or a successor or substitute custodian designated under §91-20-37.   "Financial institution" means a bank, trust company, savings institution or credit union, chartered and supervised under state or federal law.   "Legal representative" means an individual's personal representative or conservator.   "Member of the minor's family" means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle or aunt, whether of the whole or half blood or by adoption.   "Minor" means an individual who has not attained the age of twenty-one (21) years.   "Person" means an individual, corporation, organization or other legal entity.   "Personal representative" means an executor, administrator, successor personal representative or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions.   "State" includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico and any territory or possession subject to the legislative authority of the United States.   "Transfer" means a transaction that creates custodial property under Section 91-20-19.   "Transferor" means a person who makes a transfer under this chapter.   "Trust company" means a financial institution, corporation or other legal entity authorized to exercise general trust powers.
MS Code § 91-20-5 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 20 - Transfers to Minors|§ 91-20-5. Applicability of chapter; jurisdiction

  This chapter applies to a transfer that refers to this chapter in the designation under Section 91-20-19(1) by which the transfer is made if at the time of the transfer, the transferor, the minor or the custodian is a resident of this state or the custodial property is located in this state. The custodianship so created remains subject to this chapter despite a subsequent change in residence of a transferor, the minor or the custodian or the removal of custodial property from this state.   A person designated as custodian under this chapter is subject to personal jurisdiction in this state with respect to any matter relating to the custodianship.   A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act or a substantially similar act of another state is governed by the law of the designated state and may be executed and is enforceable in this state if at the time of the transfer, the transferor, the minor or the custodian is a resident of the designated state or the custodial property is located in the designated state.
MS Code § 91-20-7 (2020)
2020 Mississippi Code|Title 91 - Trusts and Estates|Chapter 20 - Transfers to Minors|§ 91-20-7. Nomination of custodian

  A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substance by the words: "As custodian for_______________(name of minor) under the Mississippi Uniform Transfers to Minors Act." The nomination may name one or more persons as substitute custodians to whom the property must be transferred, in the order named, if the first nominated custodian dies before the transfer or is unable, declines or is ineligible to serve. The nomination may be made in a will, a trust, a deed, an instrument exercising a power of appointment or in a writing designating a beneficiary of contractual rights which is registered with or delivered to the payor, issuer or other obligor of the contractual rights.   A custodian nominated under this section must be a person to whom a transfer of property of that kind may be made under Section 91-20-19(1).   The nomination of a custodian under this section does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under Section 91-20-19. Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to Section 91-20-19.