Mississippi § 89-12-25 - Agreements to locate property presumed abandoned; prohibitions; approval.
Full text of Mississippi Mississippi Code of 1972 Annotated § 89-12-25 — Agreements to locate property presumed abandoned; prohibitions; approval., with citation guidance and answers to common questions.
§ 89-12-25. Agreements to locate property presumed abandoned; prohibitions; approval.
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. The Treasurer shall approve all contracts entered into between two (2) or more persons whereby one (1) party to the contract agrees to furnish the other party with information concerning property reported to the Treasurer under this chapter. The agreed upon fee in such contracts shall not exceed ten percent (10%) of the value of the recoverable property or Fifty Dollars ($50.00), whichever is greater. Nothing in this section shall be construed to prevent an owner from asserting at any time that an agreement to locate property is based upon an excessive or unjust consideration.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 89-12-25
What does Mississippi Code of 1972 Annotated § 89-12-25 cover?
Section 89-12-25 ("Agreements to locate property presumed abandoned; prohibitions; approval.") 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 § 89-12-25?
A common citation format is "Mississippi Code of 1972 Annotated § 89-12-25" (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 § 89-12-25 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.