A stock purchase agreement is a contract in which the owner of shares or stock in a company (a person, entity, or the company itself) sells some or all of the shares to another person or entity. Stock purchase agreements are often used when the majority ownership interest in a company is acquired by another person or entity. For more information on the transfer of ownership of companies, see the Common Legal Topic on mergers and acquisitions.

In Mississippi, a stock purchase agreement is a legal document that outlines the terms and conditions under which shares of a company are sold and purchased. This agreement typically includes details such as the number of shares being sold, the price per share, the total purchase price, and any representations and warranties made by the seller and the buyer. The agreement may also address conditions precedent to the closing of the transaction, confidentiality obligations, and dispute resolution mechanisms. Mississippi law requires that such agreements be in writing to be enforceable under the Statute of Frauds. While Mississippi does not have specific statutes that govern stock purchase agreements, these transactions are subject to general contract law principles and, if the company is publicly traded, federal securities laws and regulations enforced by the Securities and Exchange Commission (SEC). Additionally, the Mississippi Business Corporation Act may provide relevant rules regarding the transfer of shares and shareholder rights that could impact a stock purchase agreement. It is advisable for parties involved in such transactions to consult with an attorney to ensure compliance with all applicable laws and to protect their interests in the transaction.