Rule 13-2-7.5 - Certain Transactions Prohibited(a) Except as permitted by subsection (b), no restrictions on the transfer of an equity security issued by a holding company, whether imposed by the issuer or by the holder or by any other persons, shall be effective for any purpose whatsoever unless such restrictions are approved in advance by the Commission or unless such restrictions are otherwise required by the Act or these regulations. No agreement not to encumber an equity security issued by a holding company shall be effective for any purpose whatsoever unless such agreement is approved in advance by the Commission.(b) The following restrictions on the transfer of a security are permitted without the necessity of prior approval pursuant to subsection (a): 1. Any restriction on resale which is required for compliance with the Federal Securities Act, or the Federal Securities Exchange Act, or a general securities law that states;2. Any restriction which results from a "stock transfer order" given to a transfer agent by the holder of a security on the grounds that a certificate has been lost or stolen; and3. Any restriction which results from a binding contract to sell or hypothecate a security in a current transaction which will be consummated if at all in nine (9) months or less. (Adopted: 09/25/1991.)Miss. Code Ann. §§ 75-76-201, 75-76-207, 75-76-247