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MS HB342
Bill
Status
2/13/2014
Primary Sponsor
Bobby Moak
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AI Summary
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Creates the Uniform Foreign-Country Money Judgments Recognition Act to establish standards for recognizing and enforcing money judgments from foreign countries in Mississippi courts.
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Applies to foreign judgments that award or deny recovery of money and are final in the foreign country, but excludes judgments for taxes, fines, penalties, and domestic relations matters.
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Establishes mandatory grounds for non-recognition (lack of impartial tribunals, lack of personal or subject matter jurisdiction) and discretionary grounds (insufficient notice, fraud, public policy violations, conflicting judgments, forum inconvenience, and due process concerns).
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Recognizes foreign judgments as conclusive and enforceable to the same extent as sister state judgments, and allows courts to stay proceedings if an appeal from the foreign judgment is pending.
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Sets a statute of limitations of 15 years or the judgment's effectiveness period in the foreign country, whichever is shorter, for actions seeking recognition of foreign judgments.
Legislative Description
Uniform laws; enact Uniform Foreign-Country Money Judgments Recognition Act.
Last Action
Died On Calendar
2/13/2014