Mississippi Legislature
2007 Regular Session

House Bill 1333

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Bill Text

History of Actions

Background

Title

Description: Mineral rights; if collateral for loan and then loan paid, title returns to borrower.

Bill Text: [Introduced]

History of Actions:

1 01/15 (H) Referred To Banking and Financial Services
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Sullivan

Title: AN ACT TO PROVIDE THAT IF MINERAL RIGHTS IN PROPERTY HAVE BEEN PLEDGED AS COLLATERAL FOR A LOAN, AND THERE IS A SHOWING OF PROOF THAT THE LOAN HAS BEEN REPAID, THEN THE FINANCIAL INSTITUTION OR PERSON ACCEPTING SUCH COLLATERAL SHALL REVEST IN THE BORROWER, OR HIS HEIRS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/07 at 18:55.

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2007/html/History/HB/HB1333.htm