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MS SB2073

Bill

Status

Passed

4/17/2023

Primary Sponsor

Angela Burks Hill

Click for details

Origin

Senate

2023 Regular Session

AI Summary

  • Lowers the age of majority from 21 to 18 for entering into contracts affecting real property and mortgages, while maintaining 21 as the general age of majority for other purposes.

  • Amends Section 93-19-13 to grant persons 18 years or older the capacity to enter into binding contractual relationships for mortgages and real property transactions.

  • Updates multiple code sections to replace references to "21 years of age" with "18 years of age" in contexts involving property contracts, including loan agreements, deed of trust proceedings, and custodial property transfers.

  • Repeals Section 93-3-11, which previously allowed married minors to remove the disability of minority solely for homestead transactions.

  • Takes effect July 1, 2023.

Legislative Description

Age of majority; lower to 18 for securing loans and entering contracts for real property.

Last Action

Approved by Governor

4/17/2023

Committee Referrals

Judiciary A2/14/2023
Judiciary, Division A1/9/2023

Full Bill Text

No bill text available