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MS HB391
Bill
Status
3/3/2020
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Arbitration clauses in contracts between sellers or providers and Mississippi citizens are nonbinding, with citizens retaining all legal remedies available in state courts.
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Amends Mississippi Code sections 11-15-1, 11-15-103, 37-101-15, 65-1-89, and 65-1-91 to make arbitration clauses nonbinding for contracts executed on or after July 1, 2020.
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Exception allows arbitration clauses in international contracts between state institutions of higher learning and parties outside the United States, subject to the same nonbinding provision for contracts executed after July 1, 2020.
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Previously existing arbitration agreements and provisions remain valid and enforceable for contracts executed before July 1, 2020.
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Effective date is July 1, 2020.
Legislative Description
Arbitration clause; considered nonbinding in certain contracts.
Last Action
Died In Committee
3/3/2020