Mississippi Code Title 83. Insurance § 83-31-131

(a) The corporate existence of the mutual insurance company continues in the converted stock company; and

(b) All assets, rights, franchises and interests of the mutual insurance company in and to property, real, personal or mixed, and any accompanying things in action, are vested in the converted stock company, without a deed or transfer, and the converted stock company assumes all the obligations and liabilities of the mutual insurance company.