Loading chat...

MS HB325

Bill

Official Source

Status

Passed

4/20/2024

Primary Sponsor

Noah Sanford

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Rights of first refusal in real property are extinguished upon the death of the grantee unless the granting instrument explicitly states otherwise.
  • The contractual agreement or instrument granting the right must be filed for recording in the county land records where the property is located.
  • The instrument must unambiguously state that the right of first refusal shall inure to the benefit of the grantee's heirs and assigns after death.
  • Codifies the provision as a new section in Chapter 1, Title 89 of the Mississippi Code of 1972.
  • Effective July 1, 2024.

Legislative Description

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

Last Action

Approved by Governor

4/20/2024

Committee Referrals

Judiciary, Division A3/22/2024
Judiciary A1/18/2024

Full Bill Text

No bill text available