MS SB2215

Requires all owners of severed mineral interests in Mississippi to register a verified statement with the county chancery clerk by January 1, 2015, including the owner's address, legal description, and reference to the instrument creating the interest.

Exempts the United States, State of Mississippi, and American Indian tribes owning reservation lands from the registration requirement.

Mineral interests not registered by the deadline forfeit to the state, unless the owner demonstrates substantial compliance by showing true ownership in land records or active legal proceedings, and timely payment of all taxes.

Allows former owners to recover fair market value of forfeited interests either during the forfeiture hearing or through a separate action brought within six years after judgment.

Does not apply forfeiture to mineral interests already valued and taxed under other state tax laws, provided a tax is actually imposed and no tax forfeiture is complete.