Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
Any loans by the corporation to a small business investment company or minority enterprise small business investment company, shall be conditioned on the following:
(a) A loan to a small business investment company or minority enterprise small business investment company shall not exceed the amount of its outstanding portfolio investments or the amount of its private paid-in capital and paid-in surplus, whichever is less.
(b) The small business investment company or minority enterprise small business investment company must agree that the entire loan will be invested in firms located in this state.
(c) The repayment period for any such loan shall not exceed fifteen (15) years but such loans need not be amortized.
(d) Such other conditions as may be prescribed by the board of directors of the corporation.
Cite this article: FindLaw.com - Mississippi Code Title 57. Planning, Research and Development § 57-10-21 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-57-planning-research-and-development/ms-code-sect-57-10-21/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)