77-5-241 - Interest rates. - Mississippi Statutes

§ 77-5-241. Interest rates.
 

Any promissory note, bond or other evidence of indebtedness executed or issued by a corporation organized under the terms of this article may bear such rate or rates of interest as may be determined by the board of directors of the corporation not to exceed the interest rate applicable to corporations for profit in Mississippi. 
 

Sources: Codes, 1942, § 5477.5; Laws,  1970, ch. 423, § 3, eff from and after passage (approved March 26, 1970).