Revised Mississippi Limited Liability Company Act

Miss. Code Ann. tit. 79, ch. 29
in effect

Contents

section79-29-101. Short title.section79-29-102. Repealed.section79-29-103. Reservation of power to amend or repeal.section79-29-104. Repealed.section79-29-105. Definitions.section79-29-106. Repealed.section79-29-107. Form of notice and written consents.section79-29-108. Repealed.section79-29-109. Name.section79-29-110. Repealed.section79-29-111. Reservation of name.section79-29-112. Repealed.section79-29-113. Repealed.section79-29-115. Records to be kept.section79-29-117. Nature of business; powers.section79-29-119. Governing law.section79-29-121. Business transactions of member or manager with the limited liability company.section79-29-123. General standards of conduct and construction and application of certificate of formation and operating agreement; scope, function, and limitations.section79-29-125. Repealed.section79-29-127. Taxation.section79-29-201. Certificate of formation.section79-29-202. Repealed.section79-29-203. Amendment to or restatement of certificate.section79-29-204. Repealed.section79-29-205. Certificate of dissolution.section79-29-206. Repealed.section79-29-207. Signing of certificate.section79-29-208. Repealed.section79-29-209. Amendment or dissolution by judicial act.section79-29-210. Repealed.section79-29-211. Filing with the Secretary of State.section79-29-212. Repealed.section79-29-213. Correction of filings made with the Secretary of State.section79-29-214. Repealed.section79-29-215. Annual report for Secretary of State.section79-29-217. Notice.section79-29-219. Certificate of existence.section79-29-221. Merger of limited liability company.section79-29-223. Action on an agreement of merger.section79-29-225. Certificate of merger.section79-29-227. Effect of merger.section79-29-229. Abandonment of a merger.section79-29-231. Appraisal rights.section79-29-233. Action on an agreement to sell, lease, exchange or otherwise dispose of assets.section79-29-301. Admission of members.section79-29-302. Repealed.section79-29-303. Withdrawal of member and expulsion of member.section79-29-304. Repealed.section79-29-305. Management of limited liability company.section79-29-306. Repealed.section79-29-307. Agency power of members, managers and officers.section79-29-308. Repealed.section79-29-309. Voting, classes and meetings.section79-29-311. Liability to third parties.section79-29-313. Events of bankruptcy.section79-29-315. Access to and confidentiality of information; records.section79-29-401. Management of a limited liability company by a manager or managers.section79-29-402. Repealed.section79-29-403. Reliance on reports and information.section79-29-405. Delegation of rights and powers to manage.section79-29-407. Resignation of manager.section79-29-501. Form of contribution.section79-29-502. Repealed.section79-29-503. Liability for contributions.section79-29-504. Repealed.section79-29-505. Sharing of profits and losses.section79-29-507. Sharing of distributions.section79-29-509. Defense of usury not available.section79-29-601. Distributions generally and interim distributions.section79-29-602. Repealed.section79-29-603. Distribution upon withdrawal of member.section79-29-604. Repealed.section79-29-605. Distribution in kind.section79-29-606. Repealed.section79-29-607. Right to distribution.section79-29-609. Limitations on distribution.section79-29-611. Liability for wrongful distribution.section79-29-701. Nature of financial interest in a limited liability company.section79-29-702. Repealed.section79-29-703. Assignment of financial interest in a limited liability company.section79-29-704. Repealed.section79-29-705. Rights of creditor.section79-29-707. Right of assignee to become a member.section79-29-709. Powers of personal representative of deceased, incompetent or dissolved member.section79-29-711. Enforceability of limitations on assignments of financial interests.section79-29-801. Nonjudicial dissolution.section79-29-802. Repealed.section79-29-803. Judicial dissolution.section79-29-804. Repealed.section79-29-805. Decree; winding-up, liquidation, notification.section79-29-806. Repealed.section79-29-807. Safekeeping by State Treasurer.section79-29-809. Winding-up.section79-29-811. Agency power of managers, officers or members after dissolution.section79-29-813. Distribution of assets.section79-29-815. Trustees or receivers for limited liability companies; appointment; powers; duties.section79-29-817. Known claims against dissolved limited liability company.section79-29-819. Unknown claims against dissolved limited liability company.section79-29-821. Grounds for administrative dissolution.section79-29-823. Procedure for administrative dissolution.section79-29-825. Reinstatement following administrative dissolution.section79-29-827. Appeal from denial of reinstatement.section79-29-829. Revocation of dissolution.section79-29-831. Effect of dissolution.section79-29-901. Applicability of remaining articles of chapter.section79-29-902. Article definitions.section79-29-903. Election of professional limited liability company status.section79-29-904. Purposes.section79-29-905. General powers.section79-29-906. Rendering professional services.section79-29-907. Prohibited activities.section79-29-908. Corporate name.section79-29-909. Who may become members.section79-29-910. Membership interest transfer restrictions.section79-29-911. Compulsory acquisition of membership interests after death or disqualification of a member.section79-29-912. Acquisition procedure.section79-29-913. Court action to appraise membership interests.section79-29-914. Court costs and fees of experts.section79-29-915. Cancellation of disqualified membership interests.section79-29-917. Voting of membership interests.section79-29-918. Confidential relationship.section79-29-919. Privileged communications.section79-29-920. Responsibility for professional services.section79-29-921. Merger.section79-29-922. Termination of professional activities.section79-29-923. Judicial dissolution.section79-29-924. Authority to transact business.section79-29-925. Application for certificate of authority.section79-29-926. Revocation of certificate of authority.section79-29-930. Rulemaking by licensing authority.section79-29-931. Licensing authority’s regulatory jurisdiction.section79-29-933. Application to existing professional limited liability companies.section79-29-1001. Law governing.section79-29-1002. Repealed.section79-29-1003. Registrations; application to register foreign limited liability companies.section79-29-1004. Repealed.section79-29-1005. Issuance of registration.section79-29-1006. Repealed.section79-29-1007. Name.section79-29-1008. Repealed.section79-29-1009. Changes and amendments.section79-29-1010. Repealed.section79-29-1011. Cancellation of registration.section79-29-1013. Transaction of business without registration.section79-29-1015. Transactions not constituting transacting business.section79-29-1017. Action by Attorney General.section79-29-1019. Execution; liability.section79-29-1021. Administrative revocation of registration of foreign limited liability company.section79-29-1023. Administrative revocation of registration, procedure and effect.section79-29-1025. Administrative revocation of registration, appeal and reinstatement.section79-29-1027. Administrative revocation of registration, denial of reinstatement; further review.section79-29-1029. Certificate of authorization.section79-29-1101. Right to bring action.section79-29-1102. Repealed.section79-29-1103. Proper plaintiff.section79-29-1104. Repealed.section79-29-1105. Complaint.section79-29-1106. Repealed.section79-29-1107. Stay of proceedings.section79-29-1109. Dismissal.section79-29-1111. Discontinuance or settlement.section79-29-1113. Payment of expenses.section79-29-1115. Applicability to foreign limited liability companies.section79-29-1201. Construction and application.section79-29-1202. Repealed.section79-29-1203. Fees; funding of Office of Secretary of State expenses; deposit of user charges and fees authorized under this section into State General Fund and use of monies so deposited.section79-29-1204. Repealed.section79-29-1205. Severability.section79-29-1207. Powers of the Secretary of State.section79-29-1209. Relation to Electronic Signatures in Global and National Commerce Act.section79-29-1211. Enforceability of written agreements to choose forum, authorize arbitration and to choose prescribed manner of service of process.section79-29-1301. Applicability upon effective date.section79-29-1303. Early effectiveness of fees and annual reports.section79-29-1305. Early adoption of this chapter by existing limited liability company.section79-29-1307. Early adoption of chapter by registered foreign limited liability company.section79-29-1309. Applicability to existing limited liability companies.section79-29-1311. Applicability to certain acts, contracts, and transactions.section79-29-1313. Indemnification.section79-29-1315. Dissolution.section79-29-1317. Maintenance of prior action.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.79.htmlFetched: 10/18/2026

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