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MS HB723
Bill
Status
4/26/2011
Primary Sponsor
Sam Mims
Click for details
AI Summary
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Amends Mississippi Code to revise acknowledgment requirements for instruments pertaining to real property, adding a new standardized acknowledgment form (subsection h) for any business organization, foreign or domestic, executing documents in a representative capacity
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Requires all instruments concerning the sale of lands or conveyance of personal estate to be acknowledged or proved and certified by a competent officer before recording, with exceptions for Uniform Commercial Code transactions
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Authorizes clerk's offices to refuse recording of instruments that lack proper acknowledgment, while clarifying that improperly acknowledged instruments that are nonetheless recorded still provide constructive notice to all persons
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Applies the constructive notice provisions to all instruments recorded on or after July 1, 2011, while preserving priority rules for conflicting real property claims established before that date
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Effective date of July 1, 2011
Legislative Description
Real property; revise acknowledgment requirement for recorded instruments.
Last Action
Approved by Governor
4/26/2011