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MS HB1231
Bill
Status
2/3/2015
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Arbitration clauses in contracts between sellers/providers and Mississippi citizens shall be considered nonbinding, allowing citizens to pursue all legal remedies in state courts
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Applies to contracts executed on or after July 1, 2015
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Amends multiple sections of Mississippi Code to conform existing arbitration provisions to the new nonbinding standard, including general arbitration law, state institutions of higher learning contracts, and Mississippi Transportation Commission contracts
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Preserves the ability of parties to voluntarily submit existing controversies to arbitration through written agreement
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Public contract bidders may refuse to accept binding arbitration clauses without having their bids rejected
Legislative Description
Arbitration clause; considered nonbinding in certain contracts.
Last Action
Died In Committee
2/3/2015