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MS HB246

Bill

Official Source

Status

Failed

3/10/2023

Primary Sponsor

Noah Sanford

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Rights of first refusal on real property automatically terminate upon the death of the grantee (right-holder) under this legislation

  • The right survives the grantee's death only if the original agreement or a memorandum is recorded in the county land records AND explicitly states the right passes to heirs and assigns

  • Recording requirements mandate the document be filed in the land records of the county where the property is located

  • The provision would be codified in Chapter 1, Title 89 of the Mississippi Code of 1972

  • Effective date of July 1, 2023

Legislative Description

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

Last Action

Died On Calendar

3/10/2023

Committee Referrals

Judiciary, Division A2/13/2023
Ways and Means1/5/2023

Full Bill Text

No bill text available