2010 Mississippi Code
TITLE 91 - TRUSTS AND ESTATES
Chapter 7 - Executors and Administrators.
91-7-255 - Fiduciary not to transfer negotiable papers.
§ 91-7-255. Fiduciary not to transfer negotiable papers.
No executor, administrator, guardian, receiver, or other fiduciary appointed by or acting pursuant to the authority of any chancery court may sell, assign, or transfer any note, bill of exchange, bond, stock certificate, or other negotiable paper belonging to the estate committed or intrusted to him by such court, unless he shall be authorized so to do by an order of the court or chancellor, or by the last will and testament of the decedent. Every such prohibited sale, assignment, or transfer shall be void, whether the vendee, assignee, or transferee shall have had notice or knowledge of the want or lack of authority of such fiduciary to sell, assign, or transfer the same or not.
Sources: Codes, 1942, § 620; Laws, 1936, ch. 243.
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