38 Miss. Code. R. 2-20.1
These Rules, Regulations, and Procedures have been established by the Board for Contract Purchasers who are not natural persons. The State Treasurer has determined that entering into MPACT Contracts to be awarded to Beneficiaries who are not immediately known will allow and encourage corporations, trusts, charitable organizations, foundations, civic groups and other interested parties, who are not natural persons, to enter into MPACT Contracts. This type of Contract will also provide educational benefits to Beneficiaries who might otherwise not be able to afford postsecondary education. For the purpose of these Rules, Regulations, and Procedures, the term "Entity" shall mean any corporation, trust, charitable organization, or any other business or organization which is not a natural person and which is approved by the State Treasurer for the purchase of an MPACT Contract. Unless specifically exempted herein, all Rules, Regulations, and Procedures pertaining to MPACT Contract Purchasers who are natural persons also apply to any Purchaser that is an Entity.
38 Miss. Code. R. 2-20.1