Those persons who were stockholders at the time of the sale of the franchise of a corporation may redeem the franchise which has been sold under execution at any time within six (6) months from the date of sale, by paying or tendering to the purchaser the amount paid by him, with ten per centum thereon; but shall not be entitled to any allowance for the profits received by the purchaser in the meantime.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 1 - General Provisions Relative to Corporations
§ 79-1-5. Execution of proxies by fiduciary without order or direction of court
§ 79-1-7. Defective organization not a defense
§ 79-1-9. Social, civil and political rights of employees protected
§ 79-1-11. May execute bond in suits
§ 79-1-13. Property and franchise of corporation salable under judgment
§ 79-1-15. Franchise redeemable within six months
§ 79-1-17. On dissolution, assets vested in stockholders