Sections 79-11-701 through 79-11-719 apply to institutional funds existing on or established after July 1, 2012. As applied to institutional funds existing on July 1, 2012, Sections 79-11-701 through 79-11-719 govern only decisions made or actions taken on or after that date.
Application to existing institutional funds
Miss. Code Ann. § 79-11-715, under Nonprofit, Nonshare Corporations and Religious Societies.
Miss. Code Ann. § 79-11-715