Miss. Code § 79-11-757

Current through the 2024 Regular Session

Section 79-11-757 - Board approval required for transfers of certain homeowners association funds; applicability of section

Notwithstanding any other law to the contrary, transfers of greater than Ten Thousand Dollars ($10,000.00) of a homeowners association's total combined reserve and operating account deposits shall not be authorized from the association's reserve or operating accounts without prior board approval. This section shall apply in addition to any other applicable requirements of Sections 79-11-751 through 79-11-759.

Amended by Laws, 2022, ch. 361, HB 933,§ 3, eff. 7/1/2022.

Added by Laws, 2021, ch. 406, HB 953,§ 4, eff. 7/1/2021.