State Codes and Statutes
Statutes > Mississippi > Title-79 > 10 > 79-10-61§ 79-10-61. Voting of shares.
(1) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.
(2) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.
Sources: Laws, 1995, ch. 494, § 18, eff from and after July 1, 1995.
