Loading chat...

MS HB405

Bill

Official Source

Status

Passed

3/13/2015

Primary Sponsor

Henry Zuber

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Amends Section 85-7-503 of the Mississippi Code to expand the definition of "commercial real estate" under the Commercial Real Estate Broker Lien Act

  • Explicitly includes properties used for multifamily residential purposes involving five or more dwelling units within the definition of commercial real estate

  • Allows licensed real estate brokers to claim liens on multifamily residential properties (5+ units) for unpaid broker services, same as other commercial properties

  • Commercial real estate definition continues to exclude oil, gas, mineral leases and mineral estates

Legislative Description

Commercial Real Estate Broker Lien Act; clarify definition of "commercial real estate" under.

Last Action

Approved by Governor

3/13/2015

Committee Referrals

Business and Financial Institutions2/9/2015
Banking and Financial Services1/19/2015

Full Bill Text

No bill text available