Mississippi Code Title 81. Banks and Financial Institutions § 81-27-6.310

(1) A manager and the board of managers are considered to be a director and the board of directors, respectively;

(2) If there is not a board of managers, a participant is considered to be a director and all of the participants are considered to be the board of directors;

(3) A participant or participant-transferee is considered to be a shareholder;

(4) A participation share is considered to be a share of stock; and

(5) A distribution is considered to be a dividend.