Mississippi Senate Bill 2851 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on June 29 2020 - 100% progression
Action: 2020-06-29 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Revise Mississippi Law Governing Trusts And Estates; To Create The Mississippi Real Property Transfer-on-death Act; To Create New Section 91-27-1, Mississippi Code Of 1972, To Create A Short Title; To Create New Section 91-27-3, Mississippi Code Of 1972, To Enact Definitions; To Create New Sections 91-27-5 And 91-27-7, Mississippi Code Of 1972, To Provide For Applicability And Nonexclusivity; To Create New Sections 91-27-9, 91-27-11 And 91-27-13, Mississippi Code Of 1972, To Authorize A Transfer-on-death Deed That Is Both Revocable And Nontestamentary; To Create New Section 91-27-15, Mississippi Code Of 1972, To Require Capacity On The Part Of The Transferor; To Create New Section 91-27-17, Mississippi Code Of 1972, To Set Other Requirements; To Create New Section 91-27-19, Mississippi Code Of 1972, To Allow Waiver Of Notice, Delivery, Acceptance And Consideration; To Create New Section 91-27-21, Mississippi Code Of 1972, To Set Limits On Revocation; To Create New Section 91-27-23, Mississippi Code Of 1972, To Provide For The Effect Of A Transfer-on-death Deed During A Transferor's Life; To Create New Section 91-27-25, Mississippi Code Of 1972, To Provide For The Effect Of Subsequent Conveyance; To Create New Section 91-27-27, Mississippi Code Of 1972, To Provide For The Effect At Transferor's Death; To Create New Section 91-27-29, Mississippi Code Of 1972, To Provide For The Effect Of Liens, Encumbrances And Creditors' Claims; To Create New Section 91-27-31, Mississippi Code Of 1972, To Authorize Disclaimer; To Create New Section 91-27-33 And 91-27-35, Mississippi Code Of 1972, To Provide Optional Forms; To Create New Section 91-27-37, Mississippi Code Of 1972, To Specify The Act's Relation To Electronic Signatures Under The Global And National Commerce Act; To Create New Section 91-29-1, Mississippi Code Of 1972, To Provide For Revocation Of Certain Instruments Executed Before Divorce; To Create New Section 91-29-3, Mississippi Code Of 1972, To Provide For Treatment Of A Decedent's Former Spouse; To Create New Section 91-29-5, Mississippi Code Of 1972, To Enact Definitions; To Create New Section 91-29-7, Mississippi Code Of 1972, To Provide For Revocation Of Certain Nontestamentary Transfers And Instruments Under Which The Former Spouse May Have Been A Beneficiary; To Create New Section 91-29-9, Mississippi Code Of 1972, To Provide For The Effect Of Revocation; To Create New Sections 91-29-11 And 91-29-13, Mississippi Code Of 1972, To Provide For The Liability Of The Former Spouse And Certain Others; To Create New Section 91-29-15, Mississippi Code Of 1972, To Provide For Certain Trust With Divorced Parties As Joint Settlors; To Create New Section 91-29-17, Mississippi Code Of 1972, To Make Provision For Certain Multiple-party Accounts And To Provide For Treatment Of A Former Spouse Under Certain Circumstances; To Create New Sections 91-29-19 And 91-29-21, Mississippi Code Of 1972, To Create Standards For Determining Affinity And Consanguinity; To Create New Section 91-29-23, Mississippi Code Of 1972, To Provide For The Pre-decree Designation Of Ex-spouse As Life Insurance Beneficiary; To Create New Section 91-29-25, Mississippi Code Of 1972, To Provide For The Pre-decree Designation Of Ex-spouse As Retirement Or Other Financial Plan Beneficiary; To Create The Mississippi Uniform Estate Tax Apportionment Act; To Create New Section 91-25-1, Mississippi Code Of 1972, To Enact A Short Title; To Create New Section 91-25-3, Mississippi Code Of 1972, To Create Definitions; To Create New Section 91-25-5, Mississippi Code Of 1972, To Provide For Apportionment By Will; To Create New Section 91-25-7, Mississippi Code Of 1972, To Create A Statutory Scheme For Apportionment Of Estate Taxes; To Create New Section 91-25-9, Mississippi Code Of 1972, To Provide For Credits And Deferrals; To Create New Section 91-25-11, Mississippi Code Of 1972, To Provide For Instances When Property Is Impracticable Or Unavailable For Payment Of Tax; To Create New Section 91-25-13, Mississippi Code Of 1972, To Make Recapture Provisions; To Create New Section 91-25-15, Mississippi Code Of 1972, To Provide For Payment By A Fiduciary; To Create New Section 91-25-17, Mississippi Code Of 1972, To Provide For Collection By A Fiduciary; To Create New Section 91-25-19, Mississippi Code Of 1972, To Create A Right Of Reimbursement; To Create New Section 91-25-21, Mississippi Code Of 1972, To Put Jurisdiction In The Chancery Court; To Create New Section 91-25-23, Mississippi Code Of 1972, To Provide For Uniformity; To Create New Section 91-25-25, Mississippi Code Of 1972, To Provide For Severability; To Create New Section 91-25-27, Mississippi Code Of 1972, To Make Transition Provisions; To Provide For Foreign Personal Representatives And Ancillary Administration; To Create New Section 91-7-501, Mississippi Code Of 1972, To Enact Definitions; To Create New Section 91-7-503, Mississippi Code Of 1972, To Allow An Estate Debtor To Settle The Obligation Outside Of Administration; To Create New Section 91-7-505, Mississippi Code Of 1972, To Release A Debtor Acting In Good Faith; To Create New Section 91-7-507, Mississippi Code Of 1972, To Prohibit Payment Or Delivery Under Certain Circumstances; To Create New Section 91-7-509, Mississippi Code Of 1972, To Allow A Domiciliary Foreign Personal Representative To File Authenticated Copies Of A Foreign Appointment; To Create New Section 91-7-511, Mississippi Code Of 1972, To Provide For Powers Of A Foreign Personal Representative; To Create New Section 91-7-513, Mississippi Code Of 1972, To Provide For The Case When An Administration Is Pending In This State; To Create New Section 91-7-515, Mississippi Code Of 1972, To Provide For A Nonresident Decedent; To Create New Section 91-7-517, Mississippi Code Of 1972, To Provide For Jurisdiction Over A Foreign Personal Representative; To Create New Section 91-7-519, Mississippi Code Of 1972, To Further Provide For Jurisdiction Over A Foreign Personal Representative; To Create New Section 91-7-521, Mississippi Code Of 1972, To Provide For Service Of Process; To Create New Section 91-7-523, Mississippi Code Of 1972, To Provide For The Effect Of A Foreign Adjudication; To Create Article 5 Of The Uniform Trust Code; To Create New Section 91-8-501, Mississippi Code Of 1972, To Provide For The Rights Of A Beneficiary's Creditor Or Assignee; To Create New Section 91-8-502, Mississippi Code Of 1972, To Create A Spendthrift Provision; To Create New Section 91-8-503, Mississippi Code Of 1972, To Provide That A Discretionary Interest Is A Mere Expectancy; To Create New Section 91-8-504, Mississippi Code Of 1972, To Provide For Creditors' Claims Against Settlors; To Create New Section 91-8-505, Mississippi Code Of 1972, To Provide For Distributions Relative To Support And Certain Remainder Interests; To Create New Section 91-8-506, Mississippi Code Of 1972, To Provide That Trust Property Is Not Subject To Personal Obligations Of The Trustee; To Create New Section 91-8-507, Mississippi Code Of 1972, To Provide For The Removal Or Replacement Power Over A Trustee; To Create New Section 91-8-508, Mississippi Code Of 1972, To Prohibit Judicial Foreclosure Of Certain Interests; To Amend Section 91-8-105, Mississippi Code Of 1972, To Conform; To Repeal Sections 27-10-1 Through 27-10-25, Mississippi Code Of 1972, Which Constitute The Uniform Estate Tax Apportionment Act; To Repeal Sections 89-21-1 Through 89-21-17, Mississippi Code Of 1972, Which Constitute The Uniform Disclaimer Of Property Interests Act; To Repeal Sections 91-9-501 Through 91-9-511, Mississippi Code Of 1972, Which Constitute The Family Trust Preservation Act Of 1998; To Repeal Section 91-7-259, Mississippi Code Of 1972, Which Provides For Foreign Fiduciaries And Lawsuits And Debts; And For Related Purposes.

Uniform Probate and Trust codes; enact portions.

Sen. Sally Doty [R]

Sen. Robert Jackson [D]

2020-06-16 - House - House Passed (Y: 119 N: 0 NV: 1 Abs: 0) [PASS]
2020-03-11 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-06-29		Approved by Governor
2020-06-23	House	Enrolled Bill Signed
2020-06-23	Senate	Enrolled Bill Signed
2020-06-17	House	Returned For Enrolling
2020-06-16	House	Passed
2020-06-09	House	Title Suff Do Pass
2020-03-17	House	Referred To Judiciary A
2020-03-12	Senate	Transmitted To House
2020-03-11	Senate	Passed
2020-03-11	Senate	Committee Substitute Adopted
2020-02-27	Senate	Title Suff Do Pass Comm Sub
2020-02-17	Senate	Referred To Judiciary, Division A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2020/pdf/history/SB/SB2851.xml
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2800-2899/SB2851IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2800-2899/SB2851CS.htm
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2800-2899/SB2851PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2800-2899/SB2851SG.htm
Roll Call	https://billstatus.ls.state.ms.us/2020/pdf/votes/senate/0650033.pdf
Roll Call	https://billstatus.ls.state.ms.us/2020/pdf/votes/house/1620017.pdf