Mississippi Code
Article 7 - Mississippi Small Business Financing Act
§ 57-10-261. Construction of article

Nothing contained in this article is to be construed as a restriction or limitation upon any powers which the company might otherwise have under any other law of the state. Insofar as the provisions of this article are inconsistent with the provisions of any other law, the provisions of this article shall be controlling, and the powers conferred by this article shall be regarded as supplemental and additional to powers conferred by any other laws. No proceedings, notice or approval shall be required for the issuance of any bonds or any instrument or the security therefor, except as provided in this article.
The provisions of this article shall be liberally construed to accomplish the purposes of this article.
The powers granted and the duties imposed in this article shall be construed to be independent and severable. If any one or more sections, subsections, sentences or parts of any of this article shall be adjudged unconstitutional or invalid, such adjudication shall not affect, impair or invalidate the remaining provisions thereof, but shall be confined in its operation to the specific provisions so held unconstitutional or invalid.

Structure Mississippi Code

Mississippi Code

Title 57 - Planning, Research and Development

Chapter 10 - Small Business Assistance

Article 7 - Mississippi Small Business Financing Act

§ 57-10-201. Short title

§ 57-10-203. Legislative findings and declarations

§ 57-10-205. Definitions

§ 57-10-207. General powers of board of directors

§ 57-10-209. Issuance and refunding of bonds; methods for financing projects

§ 57-10-211. Participation with lenders in making or purchasing loans

§ 57-10-213. Issuance of bonds to finance projects of eligible businesses

§ 57-10-215. Insurance or guaranty fund

§ 57-10-217. Security for bonds or instruments

§ 57-10-219. Premiums and fees for financial assistance

§ 57-10-221. Applicability of debt limitation or restriction

§ 57-10-223. Procedure for public hearings and approval

§ 57-10-225. Loans to lenders

§ 57-10-227. Investment in, purchase and assignment of loans made by lenders

§ 57-10-229. Promulgation of regulations relating to §§ 57-10-225 and 57-10-227

§ 57-10-231. Payment of bonds; additional security

§ 57-10-233. Liability of state or subdivisions on bonds; personal liability of directors; statement required on face of bond

§ 57-10-237. Miscellaneous provisions of resolution authorizing issuance of bonds

§ 57-10-239. Effect of pledge; recording of resolution or other instruments

§ 57-10-241. Cancellation and redemption of bonds

§ 57-10-243. Trust indenture

§ 57-10-245. Signatures on bonds

§ 57-10-247. Establishment of funds and accounts

§ 57-10-249. Contracts with bondholders

§ 57-10-251. Effect of future amendments to article

§ 57-10-253. Expenses

§ 57-10-257. Investment in bonds; bonds as security for deposits

§ 57-10-259. Annual report

§ 57-10-261. Construction of article