2018 Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 11 - Nonprofit, Nonshare Corporations and Religious Societies
Charitable Gift Annuities
§ 79-11-659. Effect of failure to provide required notice.

Universal Citation: MS Code § 79-11-659 (2018)

The failure of a charitable organization to comply with the notice requirements imposed under Section 79-11-655 or 79-11-657 does not prevent a charitable gift annuity that otherwise meets the requirements of 79-11-651 through 79-11-661 from constituting a qualified charitable gift annuity. The Secretary of State may enforce performance of the requirements of Sections 79-11-655 and 79-11-657 by sending a letter by certified mail, return receipt requested, demanding that the charitable organization comply with the requirements of Sections 79-11-655 and 79-11-657. The Secretary of State may fine the charitable organization in an amount not to exceed One Thousand Dollars ($1,000.00) per qualified charitable gift annuity agreement issued until such time as the charitable organization complies with Sections 79-11-655 and 79-11-657.

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