Mississippi – Senate Bill Amends Business Corporation Act

Mississippi – Senate Bill Amends Business Corporation Act

April 12, 2017

Senate Bill 2350 signed by the governor March 20 and effective July 1 amends the business corporation act to clarify that a voting trust agreement is valid for the duration of the agreement and that an administratively dissolved corporation continues its existence but may not carry on business except to wind up and liquidate the business and notify claimants.