| https://codes.findlaw.com/ms/title-89-real-and-personal-property/ms-code-sect-89-7-35/. (1) Before any sale or other disposition of personal property pursuant to Sections 85-7-121 through 85-7-129, the occupant may pay the amount necessary to satisfy the owners lien and the reasonable expenses incurred under Sections 85-7-121 through 85-7-129, and thereby redeem the personal property. In this situation, the tenant may continue to pay rent at the existing rate and terms. Every person holding funds or other intangible personal property presumed abandoned under the provisions of the Act shall report to the Treasurer with respect to the property as hereinafter provided. I took that experience and began shadowing parole and probation officers, police officers and attorneys to increase my level of expertise in the legal writing field. (b) Business association means any corporation, joint stock company, business trust, partnership, or any association for business purposes of two (2) or more individuals, whether organized for profit or nonprofit, including, but not limited to, a banking organization, financial organization, life insurance corporation and utility. (2) If a person other than the insured or annuitant is entitled to the funds and no address of such person is known to the corporation or if it is not definite and certain from the records of the corporation what person is entitled to the funds, it shall be presumed that the last known address of the person entitled to the funds is the same as the last known address of the insured or annuitant according to the records of the corporation. Then they may buy the title. 2019 Mississippi Code Title 89 - Real and Personal Property Chapter 8 - Residential Landlord and Tenant Act 89-8-13. Agreements to locate property presumed abandoned: (1) It is unlawful for a person to seek to receive from another person or contract with a person for a fee or compensation for locating property which he knows has been reported, paid or delivered to the Treasurer pursuant to the provisions of this chapter prior to seven (7) months after the date of payment or delivery of the property by the holder to the Treasurer as required by Section 89-12-29. (d) Occupant means a person, his sublessee, successor or assign entitled to the use of a leased space at a self-storage facility under a rental agreement to the exclusion of others; (e) Owner means the owner, operator, lessor or sublessor of a self-storage facility, an agent or any person authorized to manage the facility or to receive rent from an occupant under a rental agreement. We write helpful content to answer your questions from our expert network.
abandoned personal property law mississippi