Loading chat...
MS HB1259
Bill
Status
Failed
2/1/2011
Primary Sponsor
Earle Banks
Click for details
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