MS HB429

Amends Section 93-19-13 to authorize persons 18 years of age or older to enter into binding contractual relationships for investing in mutual funds, stocks, bonds, and other publicly traded equities.

Persons 18 years of age or older may sue and be sued in their own name as an adult and be served with process as an adult in legal actions founded on such contracts.

Brings forward Section 1-3-27 defining "minor" as any person under 21 years of age for possible amendment.

Brings forward Section 1-3-41 defining "personal property" to include tangible and intangible property such as cash, goods, deposit accounts, and written instruments.

Effective date: July 1, 2021.