As Amended
SEC. 57-77-23. Authority of corporations to engage professional services.
Magnolia Capital Corporation and Magnolia Venture Capital Corporation are hereby authorized to engage legal counsel, accountants, financial advisors, appraisers, consultants and others as needed in connection with providing venture capital to businesses pursuant to this chapter, and to charge the costs of these services to the businesses receiving such assistance or charge the proceeds of such assistance therefor. To the extent required by the department, such professional services shall be engaged on a statewide program basis.
SOURCES: Laws, 1994, ch. 650, Sec. 13, eff from and after passage (approved April 8, 1994)