Upon a finding by a court of competent jurisdiction of failure to maintain or deposit in the trust account as required by this article, or of fraud, theft or misconduct by the preneed operator's managers, officers, directors or others who are personally responsible for the waste or unlawful depletion of trust funds, the managers, officers, directors or others may be jointly and severally liable for any deficiencies in the trust account as required by this article.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 63 - Sales of Cemetery Merchandise and Funeral Services
Article 3 - Preneed Cemetery and Funeral Registration
§ 75-63-57. Record-keeping requirements
§ 75-63-59. Requirements for contract funded by trust
§ 75-63-63. Preneed contracts to be portable; who may name a substitute provider
§ 75-63-70. Joint and several liability of preneed operator's managers, officers, directors, etc.
§ 75-63-75. Article does not constitute authorization for unlicensed persons to sell life insurance