79-10-33 - Notice of professional corporation status on shares. - Mississippi Statutes

§ 79-10-33. Notice of professional corporation status on shares.
 

(1)  In addition to any other statement required or permitted by applicable law, the following statement must appear conspicuously on each share certificate issued by a professional corporation: 
 

The transfer of shares of a professional corporation is restricted by the Mississippi Professional Corporation Act. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation. 

(2)  Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice containing the statement required by subsection (1). 
 

Sources: Laws,  1995, ch. 494, § 11, eff from and after July 1, 1995.