Acquisition, etc., of personal property by management body for benefit of condominium owners; transfer of beneficial interest
- Statute:
- Mississippi §89-9-25 · Chapter CONDO (Mississippi Condominium Law (Miss. Code §§ 89-9-1 to 89-9-37))
- Topic:
- Governance · Association personal property
- Applies to:
- Condo associations
Unless the declaration says otherwise, the management body may acquire, hold, and dispose of personal property for the benefit of the condominium owners. Beneficial interests track the common-area shares and transfer only with the condominium.
📄 Read the official text at lexisnexis.com →
How SoShiny helps with Acquisition, etc., of personal property by management body for benefit of condominium owners; transfer of beneficial interest
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Mississippi §89-9-25 require?
- Unless the declaration says otherwise, the management body may acquire, hold, and dispose of personal property for the benefit of the condominium owners. Beneficial interests track the common-area shares and transfer only with the condominium.
- Who does Mississippi §89-9-25 apply to?
- Mississippi §89-9-25 applies to Condo associations in Mississippi.
- What happens if our condo doesn't comply with §89-9-25?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Mississippi community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Mississippi §89-9-25?
- The official text is published by the Mississippi Legislature at lexisnexis.com. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Acquisition, etc., of personal property by management body for benefit of condominium owners; transfer of beneficial interest?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Mississippi §89-9-25 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Mississippi-licensed attorney. For the official statutory text, see the link above.
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