24 MAC Pt. 1, R. 2.1.11
PROHIBITION AGAINST SHARING IN EARNINGS:
Cite as 24 Miss. Admin. Code Pt. 1, R. 2.1.11
PROHIBITION AGAINST SHARING IN EARNINGS:
No member, officer or employee of, or member of a committee of, or person connected with,
the Board, or any other private individual, shall receive at any time any of the net earnings or
pecuniary profit from the operations of the Department, provided that this shall not prevent
the payment to any such person of such reasonable compensation for services rendered to or
for the Department in effecting any of its purposes as shall be fixed by the law or the Board;
and no such person or persons shall been titled to share in the distribution of any of the
Department assets upon the dissolution of the Department. All members of the Board shall
be deemed to have expressly consented and agreed that upon such dissolution or winding up
of the affairs of the Department, whether voluntary or involuntary, and the assets of the
Department, after all debts have been satisfied, then remaining in the hands of the Board
shall be distributed, transferred, conveyed, delivered, and paid over, in such amounts as the
law may determine or as may be determined by a Court of competent jurisdiction,
exclusively to the State of Mississippi, or other entity authorized by statute.