Mississippi § 89-12-15 - Presumed abandonment of intangible personal property held in ordinary course of holder’s business.
Full text of Mississippi Mississippi Code of 1972 Annotated § 89-12-15 — Presumed abandonment of intangible personal property held in ordinary course of holder’s business., with citation guidance and answers to common questions.
§ 89-12-15. Presumed abandonment of intangible personal property held in ordinary course of holder’s business.
All intangible personal property not otherwise covered by the provisions of this chapter, including any income or increment thereon and deducting any charges that may have accrued, that is held in the ordinary course of the holder’s business and has remained unclaimed by the owner for more than five (5) years after it became payable or distributable shall be presumed abandoned.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 89-12-15
What does Mississippi Code of 1972 Annotated § 89-12-15 cover?
Section 89-12-15 ("Presumed abandonment of intangible personal property held in ordinary course of holder’s business.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 89-12-15?
A common citation format is "Mississippi Code of 1972 Annotated § 89-12-15" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 89-12-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.