Mississippi Code Title 79. Corporations, Associations and Partnerships § 79-11-761

(1) The managing agent shall be solely responsible for ensuring compliance with the provisions of Sections 79-11-751 through 79-11-761, including those governing the establishment and handling of funds placed into a trust fund account with a bank or savings association as provided for herein.

(2) Nothing in Sections 79-11-751 through 79-11-761 shall be construed to create any additional requirements or liability for any bank or savings association with whom a trust fund account is opened, or any affiliates, officers, directors, employees or agents of such bank or savings association.

(3) Any bank or savings association with whom a trust fund account is opened, and any affiliates, officers, directors, employees, or agents of such bank or savings association, shall be held harmless on a trust fund account opened in accordance with Sections 79-11-751 through 79-11-761 from any liabilities, costs, expenses, or fees, including attorney's fees, incurred by such bank or savings association as a result of any action brought pursuant to Sections 79-11-751 through 79-11-761.