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MS HB1211

Bill

Official Source

Status

Failed

3/6/2012

Primary Sponsor

Thomas Reynolds

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Creates a misdemeanor offense for selling timber or minerals on mortgaged property when those resources are part of the mortgage's security interest and the property is subsequently foreclosed

  • Penalties include fines up to $10,000, county jail imprisonment up to one year, or both

  • Convicted individuals must pay restitution for the full value of the timber or minerals sold

  • Effective date of July 1, 2012

Legislative Description

Crime; create offense of selling timber or minerals on mortgaged property.

Last Action

Died In Committee

3/6/2012

Full Bill Text

No bill text available