Struck = removed from the bill ยท
added = the amendment's new text.
MISSISSIPPIAdopted LEGISLATURECOMMITTEE REGULARAMENDMENT SESSIONNO 20231 By:PROPOSED TO House Bill No.
Representatives246 Sanford,BY: Burnett To:
WaysCommittee andAmend Meansby COMMITTEEstriking SUBSTITUTEall FORafter HOUSEthe BILLenacting NO.clause and inserting in lieu thereof the following:
246 AN ACT TO PROVIDE THAT A RIGHT OF FIRST REFUSAL IN REAL PROPERTY IS EXTINGUISHED UPON THE DEATH OF THE GRANTEE UNLESS THE INSTRUMENT GRANTING THE RIGHT OR A MEMORANDUM OF THE CONTRACTUAL AGREEMENT OR INSTRUMENT CLEARLY STATES THAT UPON THE GRANTEE'S DEATH, IT SHALL INURE TO THE BENEFIT OF THE GRANTEE'S HEIRS AND ASSIGNS;
AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
A right of first refusal in real property granted through a contractual agreement or any other written instrument of conveyance is extinguished upon the death of the grantee right-holder unless the contractual agreement or instrument of conveyance, or a memorandum of the contractual agreement or instrument of conveyance, or the probated last will and testament of the grantee is filed for recording in the land records of the county in which the real property lies and unambiguously states that upon the death of the grantee right-holder, the right of 23/SS36/HB246A.J *SS36/HB246A.J* PAGE 1 first refusal shall be binding upon and inure to the benefit of the heirs and assigns of the grantee right-holder.
H.SECTION 3.
B.
No.
246 *HR26/R531CS* ~ OFFICIAL ~ G1/2 23/HR26/R531CS PAGE 1 (BS\KW) SECTION 3.
H.Further, amend by striking the title in its entirety and inserting in lieu thereof the following:
B.AN ACT TO PROVIDE THAT A RIGHT OF FIRST REFUSAL IN REAL PROPERTY IS EXTINGUISHED UPON THE DEATH OF THE GRANTEE UNLESS THE INSTRUMENT GRANTING THE RIGHT OR A MEMORANDUM OF THE CONTRACTUAL AGREEMENT OR INSTRUMENT CLEARLY STATES THAT UPON THE GRANTEE'S DEATH, IT SHALL INURE TO THE BENEFIT OF THE GRANTEE'S HEIRS AND ASSIGNS;
No.AND FOR RELATED PURPOSES.
24623/SS36/HB246A.J *HR26/R531CS**SS36/HB246A.J* ~PAGE OFFICIAL2 ~ 23/HR26/R531CS ST:
Real property;
right of first refusal PAGE 2 (BS\KW) expires on grantee's death unless specifically stated otherwise.