Voting securities of a state trust company held by the state trust company in a fiduciary capacity under a will or trust, whether registered in its own name or in the name of its nominee, may not be voted in the election of directors or managers or on a matter affecting the compensation of directors, managers, officers, or employees of the state trust company in that capacity, unless:
Voting securities of a state trust company that cannot be voted under this section are considered to be authorized but unissued for purposes of determining the procedures for and results of the affected vote.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 27 - Multistate, State and Limited Liability Trust Institutions
Article 6 - Additional Definitions; Ownership; Governance; Mergers
§ 81-27-6.201. Voting securities held by state trust company
§ 81-27-6.203. Board of directors, managers or managing participants
§ 81-27-6.204. Required board meetings
§ 81-27-6.206. Certain criminal offenses
§ 81-27-6.207. Transactions with management and affiliates
§ 81-27-6.208. Fiduciary responsibility