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MS HB1474
Bill
Status
Failed
3/3/2020
Primary Sponsor
Debra Gibbs
Click for details
AI Summary
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Amends Mississippi Code Section 89-1-9 to grant legal life estate owners the right to make changes to land or other property without requiring permission from remainderman beneficiaries.
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Modifies Section 27-33-17 regarding homestead exemption definitions to reference the new life estate provisions in Section 89-1-9.
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Brings forward Sections 55-21-9, 89-7-9, and 93-13-41 of the Mississippi Code for possible future amendment without substantive changes in this bill.
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Takes effect July 1, 2020.
Legislative Description
Life estate; authorize owner to make changes to property without permission of remainderman beneficiaries.
Last Action
Died In Committee
3/3/2020
Committee Referrals
Judiciary A2/17/2020
Full Bill Text
No bill text available