™Your Policy Risk Impact Agent
27 chapters · 978 sections in this title.
Miss. Code Ann. § 79-11-757 Board approval required for transfers of certain homeowners association funds; applicability of section
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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 prio…
Miss. Code Ann. § 79-11-759 Fidelity bond or comparable insurance coverage for homeowners association directors, officers and employees
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(1) Unless the governing documents of the homeowners association require greater coverage amounts, the homeowners association shall maintain fidelity bond or comparable insurance coverage for its directors, officers, and employees in an amount that is equal to or more than the co…
Miss. Code Ann. § 79-11-761 Managing agent solely responsible for ensuring compliance with Sections 79-11-751 through 79-11-761
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(1) The managing agent shall be solely responsible for ensuring compliance with the provisions of Sections 79-11-751 through 79-11-761, including those governing the establishment and handling of funds placed into a trust fund account with a bank or savings association as provide…
