Miss. Code § 81-5-47

Current through the 2024 Regular Session

Section 81-5-47 - Directors may contract to sell stock while continuing to serve

Any director of a bank or other banking corporation while serving in such capacity may enter into a contract or option providing for the sale of his or her stock at such time as he or she ceases, by death or otherwise, to be a director thereof.

Codes, 1942, § 5199.5; Laws, 1966, ch. 256, § 1, eff. 5/26/1966.