§ 75-89-21. Action by administrator to prevent, enjoin, and prosecute violations; administrative penalties
If the administrator believes, whether or not based upon an investigation conducted under Section 75-89-19, that any person has engaged or is about to engage in any act or practice constituting a violation of any provision of this chapter or any rule or order hereunder, the administrator may seek any or all of the following […]
§ 75-89-23. Judicial measures to prevent, enjoin, and prosecute violations of Mississippi or other state’s Commodity Act; special remedies; administrator need not post bond
Upon a proper showing by the administrator that a person has violated, or is about to violate, any provision of this chapter or any rule or order of the administrator, the court may grant appropriate legal or equitable remedies. Upon a showing of violation of this chapter or a rule or order of the administrator, […]
§ 75-89-25. Penalties; period of limitations; institution of criminal proceedings
Any person who willfully violates: Any provision of this chapter; or Any rule or order of the administrator under this chapter shall, upon conviction, be fined not more than Twenty-five Thousand Dollars ($25,000.00) or imprisoned not more than five (5) years, or both, for each violation. Any person convicted of violating a rule or order […]
§ 75-89-27. Secretary of State to administer chapter; insider information; public and privileged information; subpoena of evidence
This chapter shall be administered by the Secretary of State of Mississippi. Neither the administrator nor any employees of the administrator shall use any information which is filed with or obtained by the administrator which is not public information for personal gain or benefit, nor shall the administrator or any employees of the administrator conduct […]
§ 75-87-5. Commissions due and payable within 21 days of termination of sales representative’s contract
Whenever the contract between a sales representative and any principal is terminated, all commissions due the sales representative by the principal shall be due and payable within twenty-one (21) days of such termination.
§ 75-87-7. Action to recover commissions; triple commissions; attorney fees
Any principal who fails to timely pay the sales representative as provided in Section 75-87-5, shall be liable to the sales representative in a civil action for up to triple the commissions due to the sales representative, plus reasonable attorney’s fees and costs.
§ 75-89-1. Short Title
This chapter shall be know and may be cited as the “Mississippi Commodities Enforcement Act.”
§ 75-89-3. Definitions
As used in this chapter, the following words and phrases shall have the following meanings unless the context clearly indicates otherwise: “Administrator” means the Secretary of State of Mississippi. “Board of trade” means any person or group of persons engaged in buying or selling any commodity or receiving the same for sale on consignment, whether […]
§ 75-89-5. Commodity sale or purchase permitted only pursuant to Section 75-89-7 or 75-89-9
Except as otherwise provided in Section 75-89-7 or Section 75-89-9, no person shall sell or purchase, or offer to sell or purchase, any commodity under any commodity contract or under any commodity option, or offer to enter into or enter into as seller or purchaser any commodity contract or any commodity option.
§ 75-89-7. Persons authorized to conduct commodity transactions
The prohibitions in Section 75-89-5 shall not apply to any transaction offered by and in which any of the following persons, or any employee, officer or director thereof acting solely in that capacity, is the purchaser or seller: A person registered with the Commodity Futures Trading Commission as a futures commission merchant or as a […]