Whenever the express terms or limitations set forth in any will, agreement, court order, or other instrument use the terms "legal investment" or "authorized investment" or words of similar import, such words shall be conclusively presumed to mean any investment authorized or permitted by Section 91-13-3.
Structure Mississippi Code
Chapter 13 - Fiduciary Investments
§ 91-13-1. Investment by fiduciaries of funds held in trust
§ 91-13-3. Authority to prudently invest in all property
§ 91-13-5. "Legal investment" construed
§ 91-13-6. Federally insured accounts and certificates of deposit as legal investments
§ 91-13-7. General powers of courts not affected
§ 91-13-9. Application of chapter
§ 91-13-11. Tennessee Valley Authority bonds and obligations as legal investments