Mississippi Business Corporation Act
Miss. Code Ann. tit. 79, ch. 4
in effectContents
section79-4-1.01. Short title.section79-4-1.02. Reservation of power to amend or repeal.section79-4-1.20. Filing requirements.section79-4-1.21. Forms.section79-4-1.22. Filing service and copying fees; discounts; expedited filing service.section79-4-1.23. Effective time and date of document.section79-4-1.24. Correcting filed document.section79-4-1.25. Duty of Secretary of State.section79-4-1.26. Appeal from Secretary of State’s refusal to file document.section79-4-1.27. Evidentiary effect of copy of filed document.section79-4-1.28. Certificate of existence.section79-4-1.29. Penalty for signing false document.section79-4-1.30. Powers.section79-4-1.40. Act definitions.section79-4-1.41. Notice.section79-4-1.42. Number of shareholders.section79-4-1.43. Qualified director.section79-4-1.44. Householding.section79-4-1.50. Repealed.section79-4-2.01. Incorporators.section79-4-2.02. Articles of incorporation.section79-4-2.03. Incorporation.section79-4-2.04. Liability of preincorporation transactions.section79-4-2.05. Organization of corporation.section79-4-2.06. Bylaws.section79-4-2.07. Emergency bylaws.section79-4-3.01. Purposes.section79-4-3.02. General powers.section79-4-3.03. Emergency powers.section79-4-3.04. Ultra Vires.section79-4-4.01. Corporate name.section79-4-4.02. Reserved name.section79-4-4.03. Repealed.section79-4-5.01. Repealed.section79-4-5.02. Repealed.section79-4-5.03. Repealed.section79-4-5.04. Repealed.section79-4-6.01. Authorized shares.section79-4-6.02. Terms of class or series determined by board of directors.section79-4-6.03. Issued and outstanding shares.section79-4-6.04. Fractional shares.section79-4-6.20. Subscription for shares before incorporation.section79-4-6.21. Issuance of shares.section79-4-6.22. Liability of shareholders.section79-4-6.23. Share dividends.section79-4-6.24. Corporate issuance of rights, options and warrants; board may authorize officer or officers to designate recipients of rights, options and warrants.section79-4-6.25. Form and content of certificate.section79-4-6.26. Authorization to issue shares without certificates.section79-4-6.27. Restriction on transfer of shares and other securities.section79-4-6.28. Expenses of issue.section79-4-6.30. Shareholders’ preemptive rights.section79-4-6.31. Corporation’s acquisition of its own shares.section79-4-6.40. Distributions to shareholders.section79-4-7.01. Annual meeting.section79-4-7.02. Special meeting.section79-4-7.03. Court-ordered meeting.section79-4-7.04. Action without meeting.section79-4-7.05. Notice of meeting.section79-4-7.06. Waiver of notice.section79-4-7.07. Record date.section79-4-7.08. Appointment of chair to preside over meetings; duties of chair.section79-4-7.09. Promote participation in annual and special meetings.section79-4-7.20. Shareholders’ list for meeting.section79-4-7.21. Voting entitlement of shares.section79-4-7.22. Proxies.section79-4-7.23. Shares held by nominees.section79-4-7.24. Corporation’s acceptance of votes.section79-4-7.25. Quorum and voting requirements for voting groups.section79-4-7.26. Action by single and multiple voting groups.section79-4-7.27. Greater quorum or voting requirements.section79-4-7.28. Voting for directors; cumulative voting.section79-4-7.29. Appointment of election inspectors; duties of inspectors.section79-4-7.30. Voting trusts.section79-4-7.31. Voting agreements.section79-4-7.32. Certain agreements among shareholders, otherwise inconsistent with chapter, permitted; conditions.section79-4-7.40. Meaning of “derivative proceeding”, “shareholder” in subarticle.section79-4-7.41. Who may commence or maintain derivative proceeding.section79-4-7.42. Prerequisites to commencing derivative proceeding.section79-4-7.43. Stay of proceeding when corporation inquires into allegations.section79-4-7.44. Determination by independent directors or independent persons whether maintenance of proceeding is in best interests of corporation.section79-4-7.45. Court approval for settlement or discontinuance.section79-4-7.46. Expenses and attorney fees.section79-4-7.47. Law applicable in derivative proceedings involving foreign corporations.section79-4-7.48. Shareholder action to appoint custodian or receiver.section79-4-8.01. Requirement for Board of Directors; exception; duties of Board.section79-4-8.02. Qualifications of directors.section79-4-8.03. Number and election of directors.section79-4-8.04. Election of directors by authorized classes of shares.section79-4-8.05. Terms of directors generally.section79-4-8.06. Staggered terms for directors.section79-4-8.07. Resignation of directors.section79-4-8.08. Removal of directors by shareholders.section79-4-8.09. Removal of directors by judicial proceeding.section79-4-8.10. Vacancy on board.section79-4-8.11. Compensation of directors.section79-4-8.20. Meetings.section79-4-8.21. Action without meeting.section79-4-8.22. Notice of meeting.section79-4-8.23. Waiver of notice.section79-4-8.24. Quorum and voting.section79-4-8.25. Committees.section79-4-8.26. Submission of matters for shareholder vote.section79-4-8.30. General standards for directors.section79-4-8.31. Standards of liability for directors.section79-4-8.33. Liability for unlawful distributions.section79-4-8.40. Required offices.section79-4-8.41. Duties of officers.section79-4-8.42. Standards of conduct for officers.section79-4-8.43. Resignation and removal of officers.section79-4-8.44. Contract rights of officers.section79-4-8.50. Subarticle definitions.section79-4-8.51. Authority to indemnify.section79-4-8.52. Mandatory indemnification.section79-4-8.53. Advance for expenses.section79-4-8.54. Court-ordered indemnification.section79-4-8.55. Determination and authorization of indemnification.section79-4-8.56. Indemnification of officers.section79-4-8.57. Insurance.section79-4-8.58. Application of subarticle.section79-4-8.59. Subarticle to be controlling.section79-4-8.60. Definitions.section79-4-8.61. When director’s actions not sanctionable.section79-4-8.62. Effectiveness of directors’ action; disclosure.section79-4-8.63. Shareholder approval of director’s conflicting interest transaction.section79-4-8.70. Business opportunities.section79-4-10.01. Authority to amend.section79-4-10.02. Amendment before issuance of shares.section79-4-10.03. Amendment by board of directors and shareholders.section79-4-10.04. Voting on amendments by voting groups.section79-4-10.05. Amendment by board of directors.section79-4-10.06. Articles of amendment.section79-4-10.07. Restated articles of incorporation.section79-4-10.08. Amendment pursuant to reorganization.section79-4-10.09. Effect of amendment.section79-4-10.20. Amendment by board of directors or shareholders.section79-4-10.21. Bylaw increasing quorum or voting requirement for directors.section79-4-10.22. Repealed.section79-4-11.01. Definitions.section79-4-11.02. Merger.section79-4-11.03. Share exchange.section79-4-11.04. Action on a plan of merger or share exchange.section79-4-11.05. Merger between parent and subsidiary or between subsidiaries.section79-4-11.06. Articles of merger or share exchange.section79-4-11.07. Effect of merger or share exchange.section79-4-11.08. Abandonment of merger or share exchange.section79-4-12.01. Disposition of assets not requiring shareholder approval.section79-4-12.02. Disposition of assets requiring shareholder approval.section79-4-13.01. Definitions.section79-4-13.02. Right to appraisal.section79-4-13.03. Assertion of appraisal rights by nominees and beneficial owners.section79-4-13.20. Notice of appraisal rights.section79-4-13.21. Notice of intent to demand payment and consequences of voting or consenting.section79-4-13.22. Appraisal notice and form.section79-4-13.23. Perfection of rights; right to withdraw.section79-4-13.24. Payment.section79-4-13.25. After-acquired shares.section79-4-13.26. Procedure if shareholder dissatisfied with payment or offer.section79-4-13.27. Renumbered.section79-4-13.28. Renumbered.section79-4-13.30. Court action.section79-4-13.31. Court costs and expenses.section79-4-13.40. Other remedies limited.section79-4-14.01. Dissolution by incorporators or initial directors.section79-4-14.02. Dissolution by board of directors and shareholders.section79-4-14.03. Articles of dissolution.section79-4-14.04. Revocation of dissolution.section79-4-14.05. Effect of dissolution.section79-4-14.06. Known claims against dissolved corporation.section79-4-14.07. Unknown claims against dissolved corporation.section79-4-14.08. Dissolved corporations — chancery court proceedings for security payment of claims; notice; guardian ad litem; satisfaction of claim.section79-4-14.09. Payment of claims and distribution of assets of dissolved corporations; liability.section79-4-14.20. Grounds for administrative dissolution.section79-4-14.21. Procedure for and effect of administrative dissolution.section79-4-14.22. Reinstatement following administrative dissolution.section79-4-14.23. Appeal from denial of reinstatement.section79-4-14.30. Grounds for judicial dissolution.section79-4-14.31. Procedure for judicial dissolution.section79-4-14.32. Receivership or custodianship.section79-4-14.33. Decree of dissolution.section79-4-14.34. Election to purchase in lieu of dissolution.section79-4-14.40. Deposit with state treasurer.section79-4-15.01. Authority to transact business required.section79-4-15.02. Consequences of transacting business without authority.section79-4-15.03. Application for certificate of authority.section79-4-15.04. Amended certificate of authority.section79-4-15.05. Effect of certificate of authority.section79-4-15.06. Corporate name of foreign corporation.section79-4-15.07. Repealed.section79-4-15.08. Repealed.section79-4-15.09. Repealed.section79-4-15.10. Service of process, demand or notice on foreign corporation.section79-4-15.20. Withdrawal of foreign corporations.section79-4-15.30. Grounds for revocation.section79-4-15.31. Procedure for and effect of revocation.section79-4-15.32. Appeal from revocation.section79-4-15.33. Appeal from denial of reinstatement.section79-4-16.01. Corporate records.section79-4-16.02. Inspection of records by shareholders.section79-4-16.03. Scope of inspection right.section79-4-16.04. Court-ordered inspection.section79-4-16.05. Inspection of records by director.section79-4-16.06. Exception to notice requirement.section79-4-16.20. Financial statements for shareholders.section79-4-16.21. Repealed.section79-4-16.22. Annual report to secretary of state.section79-4-17.01. Application to existing domestic corporation.section79-4-17.02. Application to qualified foreign corporations.section79-4-17.03. Saving provisions.section79-4-17.04. Severability.section79-4-17.05. Relation to Electronic Signatures in Global and National Commerce Act.
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