In the event of dissolution and liquidation of the corporation, whether voluntary or involuntary or by reason of the repeal of this article and thereby terminating its corporate existence, any surplus assets of the corporation in excess of the corporation's outstanding liabilities shall be transferred to the State of Mississippi and shall automatically vest in said state, and the chairman and treasurer of the corporation shall execute and deliver such conveyances or documents as are necessary to show title in the state or to vest such assets in the state.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 10 - Small Business Assistance
Article 1 - Mississippi Business Finance Corporation
§ 57-10-1. Declaration of public policy and legislative intent
§ 57-10-9. General purposes of corporation
§ 57-10-17. General powers and duties of board of directors
§ 57-10-19. Purchase of debentures and common stock of small business investment companies
§ 57-10-21. Conditions of loans to small business investment companies
§ 57-10-23. Annual fee of small business investment companies
§ 57-10-25. Funding of corporation; investments of corporation
§ 57-10-29. Disposition of funds received by corporation; annual audit
§ 57-10-31. Liabilities of officers, directors, agents, and employees of corporation
§ 57-10-35. Cooperation of state agencies and educational institutions