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MS HB40
Bill
Status
3/6/2012
Primary Sponsor
Gregory Holloway
Click for details
AI Summary
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Amends Section 11-5-99 to limit court-ordered real estate sales to between 11:00 a.m. and 2:00 p.m. on the appointed day, with ability to continue sales on subsequent days if time is insufficient to complete the sale.
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Amends Section 13-3-169 to restrict execution sales to between 11:00 a.m. and 2:00 p.m. of the day the sale is held, conducted by auction to the highest bidder for cash.
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Exempts sales conducted by a special agent of the Department of Revenue under a warrant from the Commissioner of Revenue, allowing such sales to begin and be conducted at times specified by the commissioner.
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Takes effect July 1, 2012.
Legislative Description
Sales under execution; reduce time period during which those sales may be had.
Last Action
Died In Committee
3/6/2012