89-9-19 - Restrictions on sales and leases of units in project; first refusal of management not mandatory.
§ 89-9-19. Restrictions on sales and leases of units in project; first refusal of management not mandatory.
The restrictions and covenants authorized by Section 89-9-17 may prescribe regulations concerning sales or leases of units, and any such restrictions and covenants shall be valid, but it shall not be mandatory that the management body be given the first right or refusal to purchase or lease any such unit which the owner thereof intends to sell or lease.
Sources: Codes, 1942, § 896-10; Laws, 1964, ch. 270, § 10; Laws, 1964, ch. 270, § 10; Laws, 1971, ch. 310, § 1, eff from and after passage (approved February 4, 1971).