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MS SB2880

Bill

Status

Failed

2/4/2025

Primary Sponsor

Tyler McCaughn

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Requires conveyance of interests relating to carbon credits or carbon sequestration to be recorded as interests in land under Mississippi Code Chapter 5, Title 89.

  • Brings forward Section 89-5-1, which requires conveyances of land to be filed with the county chancery court clerk to be valid against purchasers for valuable consideration or creditors, with priority determined by filing order.

  • Brings forward Section 89-5-3, which requires bargains, sales, conveyances, deeds of trust, and mortgages to be acknowledged, proved, and recorded with the county chancery court clerk to be valid against creditors and subsequent purchasers without notice.

  • Establishes that failure to file an instrument prevents the holder from claiming priority over other recorded instruments affecting the same property.

  • Takes effect July 1, 2025.

Legislative Description

Carbon credits or sequestration; require recorded instrument to convey.

Last Action

Died In Committee

2/4/2025

Committee Referrals

Judiciary, Division A1/20/2025

Full Bill Text

No bill text available