Affiliates

  1. Law
  2. Mississippi Code
  3. Banks and Financial Institutions
  4. Multistate, State and Limited Liability Trust Institutions
  5. Trusts and Fiduciaries
  6. Delegation; Affiliates
  7. Affiliates

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Any person acting as a trustee or in any other fiduciary capacity under Section 81-27-3.201 may hire and compensate, as a delegate, an affiliate of such person if:

  1. Authorized by a trust or fiduciary instrument;
  2. Authorized by court order;
  3. Authorized in writing by each affected client; or
  4. The standards of Section 81-27-3.201 are satisfied.

Fees paid to an affiliate shall be competitive with fees charged by nonaffiliates that provide substantially similar services; however, if an affiliate is used pursuant to subsection (a)(4) of this section, the amount of fees paid to the affiliate shall also be consistent with best execution.


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