Miss. Code § 31-8-5

Current through the 2024 Regular Session
Section 31-8-5 - Option to purchase

All such leases shall contain an option granting to the county or municipality the right to purchase the leased property upon the expiration of the primary term, or upon such earlier date as may be agreed upon, at a price not to exceed the unpaid principal balance at such time.

Miss. Code § 31-8-5

Laws, 1990, ch. 564, § 3, eff. 7/1/1990.