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    • Legislation USA
    • Mississippi Code
    • Title 91 - Trusts and Estates
    • Chapter 13 - Fiduciary Investments
    • § 91-13-5. "Legal investment" construed

    Mississippi Code
    Chapter 13 - Fiduciary Investments
    § 91-13-5. "Legal investment" construed

    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.

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    Structure Mississippi Code

    Mississippi Code

    Title 91 - Trusts and Estates

    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

    § 91-13-8. Direct obligations of United States of America to include interests in certain open-end or closed-end management type investment company or investment trust

    § 91-13-9. Application of chapter

    § 91-13-11. Tennessee Valley Authority bonds and obligations as legal investments

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