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8-6-141
Section 8-6-141 Registration - Beneficiary form. Only individuals whose registration of a security
shows sole ownership by one individual or multiple ownership by two or more with right of
survivorship, rather than as tenants in common, may obtain registration in beneficiary form.
Multiple owners of a security registered in beneficiary form hold as joint tenants with right
of survivorship, as tenants by the entireties, or as owners of community property held in
survivorship form, and not as tenants in common. (Acts 1997, No. 97-703, p. 1451, §2.)...
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8-6-146
Section 8-6-146 Death of owner. On death of a sole owner or the last to die of all multiple
owners, ownership of securities registered in beneficiary form passes to the beneficiary or
beneficiaries who survive all owners. On proof of death of all owners and compliance with
any applicable requirements of the registering entity, a security registered in beneficiary
form may be reregistered in the name of the beneficiary or beneficiaries who survived the
death of all owners. Until division of the security after the death of all owners, multiple
beneficiaries surviving the death of all owners hold their interests as tenants in common.
If no beneficiary survives the death of all owners, the security belongs to the estate of
the deceased sole owner or the estate of the last to die of all multiple owners. (Acts 1997,
No. 97-703, p. 1451, §7; Act 98-279, p. 1451, §1.)...
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8-6-143
Section 8-6-143 Registration - Designation of a beneficiary. A security, whether evidenced
by certificate or account, is registered in beneficiary form when the registration includes
a designation of a beneficiary to take the ownership at the death of the owner or the deaths
of all multiple owners. (Acts 1997, No. 97-703, p. 1451, §4.)...
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5-24-1
Section 5-24-1 Definitions. In this chapter: (1) ACCOUNT means a contract of deposit between
a depositor and a financial institution, and includes a checking account, savings account,
time deposit, certificate of deposit, and share account. (2) AGENT means a person authorized
to make account transactions for a party. (3) BENEFICIARY means a person named as one to whom
sums on deposit in an account are payable on request after death of all parties or for whom
a party is named as trustee. (4) DEVISEE means any person designated in a will to receive
a testamentary disposition of real or personal property. (5) FINANCIAL INSTITUTION means an
organization authorized to do business under state or federal laws relating to financial institutions,
and includes a bank, trust company, savings bank, building and loan association, savings and
loan company or association, and credit union. (6) HEIRS means those persons, including surviving
spouse, who are entitled under the statutes of intestate...
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7-8-308
Section 7-8-308 (Effective Until January 1, 1997) Indorsement, how made; special indorsement;
indorser not a guarantor; partial assignment. (1) An indorsement of a security in registered
form is made when an appropriate person signs on it or on a separate document an assignment
or transfer of the security or a power to assign or transfer it or when the signature of such
person is written without more upon the back of the security. (2) An indorsement may be in
blank or special. An indorsement in blank includes an indorsement to bearer. A special indorsement
specifies the person to whom the security is to be transferred, or who has power to transfer
it. A holder may convert a blank indorsement into a special indorsement. (3) "An appropriate
person" in subsection (1) means: (a) The person specified by the security or by special
indorsement to be entitled to the security; or (b) Where the person so specified is described
as a fiduciary but is no longer serving in the described capacity, -...
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27-44-3
Section 27-44-3 Scope of chapter. (a) This chapter shall provide coverage for the policies
and contracts specified in subsection (b) as follows: (1) To persons who, regardless of where
they reside (except for non-resident certificate holders under group policies or contracts),
are the beneficiaries, assignees, or payees of the persons covered under subdivision (2).
(2) To persons who are owners of or certificate holders under the policies or contracts, other
than structured settlement annuities, and in each case who are either of the following: a.
Residents b. Not residents, but only under all of the following conditions: 1. The insurer
that issued the policies or contracts is domiciled in this state. 2. The states in which the
persons reside have associations similar to the association created by this chapter. 3. The
persons are not eligible for coverage by an association in any other state due to the fact
the insurer was not licensed in the state at the time specified in the state's...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
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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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40-23-4
Section 40-23-4 Exemptions. (a) There are exempted from the provisions of this division and
from the computation of the amount of the tax levied, assessed, or payable under this division
the following: (1) The gross proceeds of the sales of lubricating oil and gasoline as defined
in Sections 40-17-30 and 40-17-170 and the gross proceeds from those sales of lubricating
oil destined for out-of-state use which are transacted in a manner whereby an out-of-state
purchaser takes delivery of such oil at a distributor's plant within this state and transports
it out-of-state, which are otherwise taxed. (2) The gross proceeds of the sale, or sales,
of fertilizer when used for agricultural purposes. The word "fertilizer" shall not
be construed to include cottonseed meal, when not in combination with other materials. (3)
The gross proceeds of the sale, or sales, of seeds for planting purposes and baby chicks and
poults. Nothing herein shall be construed to exempt or exclude from the computation of...
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8-6-145
Section 8-6-145 Designation of TOD; registration cancelled or changed. The designation of a
TOD beneficiary on a registration in beneficiary form has no effect on ownership until the
owner's death. A registration of a security in beneficiary form may be cancelled or changed
at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.
(Acts 1997, No. 97-703, p. 1451, §6.)...
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