MISSISSIPPI ETHICS COMMISSION
ADVISORY OPINIONS
TRUSTS
95-098-E
A municipality funding a nonprofit trust for historical and cultural preservation
purposes when an alderman serves on the trust's board is not as such a
violation of the conflict of interest laws as there are only competing
public interests. There would be a violation of the conflict of interest
laws if the trust compensated the alderman or the alderman received personal
pecuniary benefits from contracts with the trust. [6, 22, H ,I]
95-105-E
The exception found in Section 25-4-105(4)(a) allows an officer of a bank
serving as a municipality's depository to serve on the municipality's planning
commission. The exception found in Section 25-4-105(4)(a) does not include
a bank serving as a municipality's investment broker, paying agent, bond
registrar, trustee and financial advisor. [2, 4, 5, 7, H]
94-099-E
A county airport board mat compensate a trust for an acquired easement
as the trustees include an airport board member's three adult children
who are also the beneficiaries of the trust.
90-140-E
A Legislator may make a real estate purchase of property subject of foreclosure
from a savings and loan as handled by Resolution Trust Co-op.
89-07-E
1. A chancery judge may not own an interest in a business which sells book
binding services and supplies to the chancery clerks within his district.
Violation of 25-4-105(3)(a).
2. A blind trust will not prevent a violation
of the conflict of interest laws if it does not remove the "material financial
interest" of the chancery judge or of a "relative".
3. A process whereby proceeds of a blind trust
fund flow to dependent children of the chancery judge would not survive
an application of the conflict of interest laws.