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MS SB2704

Bill

Official Source

Status

Passed

4/4/2016

Primary Sponsor

Sean Tindell

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Amends Section 97-19-55 of the Mississippi Code to make technical corrections to the bad check law
  • Clarifies that it is unlawful to make, draw, issue, utter, deliver, or authorize checks, drafts, or electronic debits with fraudulent intent knowing insufficient funds exist to cover the payment
  • Adds definitions for "electronically converted check" (single-entry electronic debit initiated with a check and cleared through ACH Network) and "electronic commercial debit" (electronic debit transaction through ACH Network for commercial purposes with signed agreement)
  • Clarifies that "check" includes casino markers issued to licensed gaming establishments
  • Takes effect upon passage

Legislative Description

Bad check law; technical correction.

Last Action

Approved by Governor

4/4/2016

Committee Referrals

Banking and Financial Services3/14/2016
Business and Financial Institutions2/8/2016

Full Bill Text

No bill text available