71-1-37 - Discounting trade checks prohibited. - Mississippi Statutes

§ 71-1-37. Discounting trade checks prohibited.
 

Every person, company, association, partnership, manufacturing company, or railroad company now existing or hereafter organized in this state engaged in employing labor for manufacturing purposes, or any railroad within this state shall be prohibited from discounting any trade check, coupons, or other written instrument issued for the payment of such labor. It shall be unlawful for any person, partnership, corporation, or trade establishment purchasing said trade checks, coupons, or other instruments issued for the payment of such labor to discount the same. Any person, partnership, corporation, or trade establishment purchasing the same at a discount, or any company, corporation, railroad, or other person issuing said checks, coupons, or other written instruments who shall discount the same in settlement with the employees shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not less than ten dollars and not more than fifty dollars for each offense. 
 

Sources: Codes, Hemingway's 1917, § 4532; 1930, § 4656; 1942, § 6996; Laws,  1914, ch 138.