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MS HB1259

Bill

Status

Failed

2/1/2011

Primary Sponsor

Earle Banks

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Amends Mississippi Code sections 11-21-11, 11-21-27, and 11-21-73 to establish a right of first refusal for family members and co-owners in partition sales of real and personal property.

  • Grants remaining family members and co-owners the right of first refusal when courts order the sale of lands in partition proceedings.

  • Applies the right of first refusal to partition sales ordered when equal division cannot be made or when a sale better promotes the interests of all parties.

  • Effective date is July 1, 2011.

Legislative Description

Partition sale; right of first refusal for family members and co-owners.

Last Action

Died In Committee

2/1/2011

Full Bill Text

No bill text available