Miss. Code § 79-10-61

Current through the 2024 Regular Session
Section 79-10-61 - Voting of shares
(1) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.
(2) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.

Miss. Code § 79-10-61

Laws, 1995, ch. 494, § 18, eff. 7/1/1995.