A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued (Section 79-4-6.21) or specified in the subscription agreement (Section 79-4-6.20).
A shareholder of a corporation is not personally liable for the acts or debts of the corporation except that he may become personally liable by reason of his own acts or conduct.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 4 - Mississippi Business Corporation Act
Article 6 - Shares and Distributions
§ 79-4-6.20. Subscription for shares before incorporation
§ 79-4-6.21. Issuance of shares
§ 79-4-6.22. Liability of shareholders
§ 79-4-6.25. Form and content of certificate
§ 79-4-6.26. Authorization to issue shares without certificates
§ 79-4-6.27. Restriction on transfer of shares and other securities