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MS SB2365

Bill

Status

Failed

3/1/2011

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Amends Section 89-3-7 to add a new uniform acknowledgment form (subsection h) for any business organization, foreign or domestic, simplifying the existing requirements for corporate entities, limited partnerships, and limited liability companies.

  • Creates Section 89-5-17 to establish that an acknowledgment is presumed to have been taken as of the instrument's execution date, regardless of when the acknowledgment or instrument was actually dated, provided the acknowledgment is complete and the instrument is signed on or before the filing date.

  • Applies the new presumption retroactively to all acknowledgments executed before or after the act's effective date, subject to the limitation that it cannot revive remedies barred by statute of limitations.

Legislative Description

Acknowledgment; revise form of and clarify date provisions.

Last Action

Died In Committee

3/1/2011

Full Bill Text

No bill text available