There is a newer version of the Mississippi Code
2013 Mississippi Code
Title 83 - INSURANCE
Chapter 19 - DOMESTIC COMPANIES
GENERAL PROVISIONS
§ 83-19-37 - Stock sale
MS Code § 83-19-37 (2013) What's This?
No stock sale shall be approved at a par value of less than One Dollar ($ 1.00) per share, and no stock sale shall be approved in which commissions paid to salesmen, agents, or brokers exceed ten percent (10%) of the asking price of the stock.
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