What does Mississippi law say about condo association reserve funds?

Essentially nothing. Miss. Code Ann. § 89-9-17 lets a condominium's recorded declaration provide for reasonable assessments to meet the management body's authorized expenditures, which is broad enough to permit reserve collections, but no section requires them or regulates how they are held or disclosed. Associations that want dedicated reserves must create the obligation in their own governing documents.

Should a Mississippi HOA still do a reserve study if the law doesn't require one?

Many do, for reasons outside the statute: board members owe fiduciary duties of care under the Mississippi Nonprofit Corporation Act (Title 79, Chapter 11), mortgage underwriting for condos commonly asks whether the budget allocates at least 10 percent to reserves, and governing documents often require adequate maintenance funding. A reserve study is the standard tool for documenting that those duties were met, even though Mississippi law never mandates one.

Mississippi Reserve Study Requirements

Q: Does Mississippi require HOA reserve studies?

No. Mississippi has no statute requiring HOAs or condominium associations to perform reserve studies, fund reserves, or disclose reserve balances. The Mississippi Condominium Law (Miss. Code Ann. §§ 89-9-1 through 89-9-37) never mentions reserves, and the state has no comprehensive HOA act, so reserve practices are controlled entirely by each association's declaration and bylaws.

No statutory requirement

No — Mississippi has no statutory reserve-study, reserve-funding, or reserve-disclosure requirement for HOAs or condominium associations. The Mississippi Condominium Law (Miss. Code Ann. §§ 89-9-1 through 89-9-37) authorizes reasonable assessments for association expenditures but never mentions reserves, and Mississippi has no comprehensive HOA act at all. Any reserve obligation comes solely from an association's own recorded declaration and bylaws.

Verified against the statute 2026-07-07

Who it applies to

Condominiums fall under the Mississippi Condominium Law (Miss. Code Ann. § 89-9-1 et seq.), a short statute first enacted in 1964 (Laws 1964, ch. 270) with no reserve provisions. Subdivision HOAs have no dedicated Mississippi statute and are governed by their recorded covenants and the Mississippi Nonprofit Corporation Act (Title 79, Chapter 11).

Study cycle

No statutory cycle — Mississippi law does not reference reserve studies for community associations in any form.

Funding rules

None. Miss. Code Ann. § 89-9-17 permits condominium declarations to provide for "reasonable assessments to meet authorized expenditures" of the management body, but no statute requires reserve contributions, sets a minimum balance, or restricts how reserves are used.

Disclosure rules

None. Mississippi statute requires no reserve balance, reserve study, or percent-funded disclosure to owners or buyers; buyers must rely on the governing documents and whatever financial information the association provides voluntarily or under its bylaws.

The statutes

Mississippi has no statute imposing reserve study, funding, or disclosure requirements on community associations. Governing documents may still require reserves — check your declaration and bylaws.

Verified against the official LexisNexis "Mississippi Code Public Access" reader (advance.lexis.com) — the Mississippi Code of 1972 Annotated published by LexisNexis, which the Mississippi Secretary of State identifies as "the official publisher of the Mississippi Code" (sos.ms.gov links to the LexisNexis code as the searchable Mississippi Code; Mississippi hosts no legislature/revisor code site). Rendered the JS reader in a browser, accepted its terms, and expanded its official table of contents, confirming Title 89 (Real and Personal Property) > Chapter 9. Condominiums (§§ 89-9-1 — 89-9-37) and the full section list 89-9-1 through 89-9-37. A full-text search on that official reader for the exact phrase "reasonable assessments to meet authorized expenditures" returned exactly one result across the entire code — § 89-9-17 ("Recording, enforcement and provisions of declaration of restrictions") — with the phrase highlighted in the official text preview, matching the FindLaw/Justia reproductions verbatim (history note "Codes, 1942, § 896-09; Laws, 1964, ch. 270, § 9"). The full text of § 89-9-17 contains no reference to reserves, reserve funds, reserve studies, or percent-funded disclosure; across Chapter 9 the only "reserv-" tokens are "reserved" and "reservoirs" in common-area language, and a full-chapter reproduction of §§ 89-9-1 — 89-9-37 confirms no reserve provisions anywhere. Title 89's only other community-association-adjacent chapter, Chapter 10 (Real Property Owners Protection Act, §§ 89-10-1 — 89-10-7, HB 1200, signed April 10, 2025), is a squatter-removal statute, not an HOA or reserve law. Mississippi has no comprehensive HOA act, so requirement = none. The Condominium Law dates to 1964 (Laws 1964, ch. 270). Audit spot-check (July 2026): advance.lexis.com loads only as a JS shell for non-browser fetches, so the audit re-confirmed (a) the official-publisher designation via sos.ms.gov and (b) all cited text via FindLaw (codes.findlaw.com/ms/title-89-real-and-personal-property/ms-code-sect-89-9-17.html), Justia (2024 code), and a full-chapter reproduction — every textual claim corroborated; corrected the 1942 code cite from § 896-01 to § 896-09. Officially-designated-publisher verification (bar A). Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Mississippi. Report an issue.

Mississippi reserve questions, answered

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