MS HB1199

Expands the definition of "racketeering activity" under Mississippi's RICO law to include any offense defined as racketeering activity in federal law (18 USCS 1961), in addition to existing state predicate offenses.

Removes the requirement that a person or entity must be convicted of engaging in racketeering activity before being named as a defendant in civil actions seeking injunctive relief or damages.

Allows injured persons to pursue civil remedies including treble damages, punitive damages, attorney's fees, and investigation costs against defendants engaged in racketeering activity without requiring proof of immediate and irreparable injury.

Permits seizure of property used in or derived from racketeering activity through civil forfeiture, with provisions protecting bona fide secured creditors and mortgage holders who had no knowledge of the violation.

Effective date is July 1, 2012.