37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-50A-8
Section 11-50A-8 Powers of the authority. In addition to other powers granted the authority
by this chapter, it shall have all powers consistent with the purposes of the authority as
set forth in Section 11-50A-3, which are necessary or convenient to carry out and effectuate
the purposes and provisions of this chapter, including, but without limiting the generality
of the foregoing, the following enumerated powers, which shall be exercised by the authority
consistently with the provisions of Section 11-50A-3: (1) To sue and be sued and to prosecute
and defend in any court having jurisdiction of the subject matter and of the parties thereto;
(2) To adopt and alter a corporate seal; (3) To make and alter at pleasure all needful bylaws,
rules, and regulations for the transaction of its business and the control of its property
and affairs; (4) To have the same right of eminent domain through condemnation conferred by
Section 10-5-1, or any subsequent statute of similar import; provided...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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11-57-19
Section 11-57-19 Investment in bonds - By executors, savings banks, insurance companies, etc.
Bonds issued under the provisions of this chapter are hereby made legal investments for savings
banks and insurance companies organized under the laws of the state. Unless otherwise directed
by the court having jurisdiction thereof or the document that is the source of authority,
a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity
may, in addition to any other investment powers conferred by law and with the exercise of
reasonable business prudence, invest trust funds in bonds of the authority. (Acts 1961, No.
895, p. 1407, §21; Acts 1961, Ex. Sess., No. 289, p. 2335, §21.)...
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16-17A-13
Section 16-17A-13 Investment in indebtedness. Indebtedness issued under the provisions of this
chapter is hereby made a legal investment for savings banks and insurance companies organized
under state law and for trustees, executors, administrators, guardians, persons, or organizations
acting in a fiduciary capacity, unless otherwise directed by a court having jurisdiction or
by a document providing fiduciary authority. Any governmental entity or public corporation
is authorized, in its discretion, to invest any available funds in securities of the authority.
(Act 2016-201, §13.)...
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11-28-5
Section 11-28-5 Warrants to be legal investments for trust funds. Unless otherwise directed
by the court having jurisdiction thereof, or by the document that is the source of authority,
a trustee, executor, administrator, guardian, or one acting in any other fiduciary capacity
may, in addition to any other investment powers, invest trust funds in warrants issued under
the provisions of this chapter. (Acts 1983, 1st Ex. Sess., No. 83-75, p. 78, §5; Acts 1983,
4th Ex. Sess., No. 83-921, p. 192, §1.)...
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40-7-95
Section 40-7-95 Warrants to be legal investments for trust funds. Unless otherwise directed
by the court having jurisdiction thereof or by the document that is the source of authority,
a trustee, executor, administrator, guardian, or one acting in any other fiduciary capacity
may, in addition to any other investment powers, invest trust funds in warrants issued under
the provisions of this division. (Acts 1973, No. 1092, p. 1855, §6.)...
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11-9-25
Section 11-9-25 Investment of trust funds in warrants. Unless otherwise directed by the court
having jurisdiction thereof or by the document that is the source of authority, a trustee,
executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition
to any other investment powers, invest trust funds in warrants issued under the provisions
of this article. (Acts 1973, No. 1128, p. 1901, §6.)...
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22-27-25
Section 22-27-25 Investment of trust funds in warrants. Unless otherwise directed by the court
having jurisdiction thereof or by the document that is the source of authority, a trustee,
executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition
to any other investment powers, invest trust funds in warrants issued under the provisions
of this article. (Acts 1971, No. 1197, p. 2068, §6.)...
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11-9-4
Section 11-9-4 Investment of trust funds in warrants or certificates of indebtedness. Unless
otherwise directed by the court having jurisdiction thereof or by the document that is the
source of authority, a trustee, executor, administrator, guardian or one acting in any other
fiduciary capacity may, in addition to any other investment powers conferred by law and with
the exercise of reasonable business prudence, invest trust funds in warrants and certificates
of indebtedness issued under the provisions of this article. (Acts 1955, No. 263, p. 610,
§4.)...
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