MS SB2936

Amends Section 91-13-6 of Mississippi Code to allow trustees, guardians, administrators, executors, and other fiduciaries to invest or deposit funds in accounts at any financial institution insured by a U.S. government agency without obtaining court order.

Adds state and federal credit unions with main offices in Mississippi and deposits insured by the National Credit Union Administration to the list of eligible institutions for fiduciary deposits.

Allows fiduciaries to use time certificates of deposit, savings accounts, or other interest-bearing accounts at qualifying financial institutions, including institutions where the fiduciary itself operates.

Maintains existing prohibition that investments cannot occur if the establishing instrument, judgment, decree, or order prohibits such investments.

Takes effect July 1, 2011.