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MS HB485

Bill

Official Source

Status

Failed

2/2/2021

Primary Sponsor

Noah Sanford

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Rights of first refusal on real property automatically terminate upon the death of the grantee who holds the right
  • The right only survives the grantee's death if the original contract or conveyance document explicitly states it passes to heirs and assigns
  • Language must be unambiguous for the right to transfer to heirs upon the grantee's death
  • Provisions to be codified in Chapter 1, Title 89 of the Mississippi Code
  • Effective date of July 1, 2021

Legislative Description

Real property; right of first refusal expires on grantee's death unless specifically stated otherwise.

Last Action

Died In Committee

2/2/2021

Committee Referrals

Judiciary A1/18/2021

Full Bill Text

No bill text available