Mississippi House Bill 1198 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 3 2015 - 100% progression
Action: 2015-02-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The Mississippi Uniform Powers Of Appointment Act, Which Shall Be Codified In Chapter 14, Title 91, Mississippi Code Of 1972, To Create New Section 91-14-101, Mississippi Code Of 1972, To Enact Short Title; To Create New Section 91-14-102, Mississippi Code Of 1972, To Provide Definitions; To Create New Section 91-14-103, Mississippi Code Of 1972, To Provide Governing Law; To Create New Section 91-14-104, Mississippi Code Of 1972, To Supplement Common Law; To Create New Section 91-14-201, Mississippi Code Of 1972, To Provide For Creation Of Powers Of Appointment; To Create New Section 91-14-202, Mississippi Code Of 1972, To Provide That Powers Are Nontransferable; To Create New Section 91-14-203, Mississippi Code Of 1972, To Provide For Presumption Of Unlimited Authority; To Create New Section 91-14-204, Mississippi Code Of 1972, To Provide Exception To Presumption; To Create New Section 91-14-205, Mississippi Code Of 1972, To Provide For The Rules Of Classification; To Create New Section 91-14-206, Mississippi Code Of 1972, To Provide The Power To Revoke Or Amend; To Create New Section 91-14-301, Mississippi Code Of 1972, To Provide Requisites For Exercise Of Power; To Create New Section 91-14-302, Mississippi Code Of 1972, To Provide For Determining Intent To Exercise; To Create New Section 91-14-303, Mississippi Code Of 1972, To Provide For Intent And After-acquired Power; To Create New Section 91-14-304, Mississippi Code Of 1972, To Provide For Compliance With Donor-imposed Requirements; To Create New Section 91-14-305, Mississippi Code Of 1972, To Provide For Permissible Appointments; To Create New Section 91-14-306, Mississippi Code Of 1972, To Provide For Appointments To Deceased Appointees Or Descendants; To Create New Section 91-14-307, Mississippi Code Of 1972, To Address Impermissible Appointments; To Create New Section 91-14-308, Mississippi Code Of 1972, To Provide For The Application Of The Selective Allocation Doctrine; To Create New Section 91-14-309, Mississippi Code Of 1972, To Provide For Application Of The Capture Doctrine; To Create New Section 91-14-310, Mississippi Code Of 1972, To Govern Disposition Of Unappointed Property; To Create New Section 91-14-311, Mississippi Code Of 1972, To Govern Disposition Of Unappointed Property; To Create New Section 91-14-312, Mississippi Code Of 1972, To Provide For Disposition Where Partial Appointment Made To Taker In Default; To Create New Section 91-14-313, Mississippi Code Of 1972, To Provide For Appointment To Taker In Default; To Create New Section 91-14-314, Mississippi Code Of 1972, To Provide Powerholder's Authority To Revoke Or Amend Exercise; To Create New Section 91-14-401, Mississippi Code Of 1972, To Govern Disclaimer; To Create New Section 91-14-402, Mississippi Code Of 1972, To Allow Release Of Power; To Create New Section 91-14-403, Mississippi Code Of 1972, To Provide For Method Of Release; To Create New Section 91-14-404, Mississippi Code Of 1972, To Govern Revocation Or Amendment Of Release; To Create New Section 91-14-405, Mississippi Code Of 1972, To Provide For The Power To Contract A Presently Exercisable Power; To Create New Section 91-14-406, Mississippi Code Of 1972, To Provide For The Power To Contract A Not Presently Exercisable Power; To Create New Section 91-14-407, Mississippi Code Of 1972, To Provide Remedy For Breach Of Contract; To Create New Section 91-14-501, Mississippi Code Of 1972, To Address Creditors' Claims When General Power Created; To Create New Section 91-14-502, Mississippi Code Of 1972, To Address Creditors' Claims When General Power Not Created; To Create New Section 91-14-503, Mississippi Code Of 1972, To Provide The Power To Withdraw; To Create New Section 91-14-504, Mississippi Code Of 1972, To Address Creditor Claims And Nongeneral Powers; To Create New Section 91-14-601, Mississippi Code Of 1972, To Provide For Uniformity Among The States; To Create New Section 91-14-602, Mississippi Code Of 1972, To Address Electronic Signatures; To Create New Section 91-14-603, Mississippi Code Of 1972, To Provide For Application To Existing Relationships; To Amend Sections 91-15-3, 91-15-5, 91-15-7, 91-15-11, 91-15-13 And 91-15-17, Mississippi Code Of 1972, To Conform; And For Related Purposes.

MS Uniform Powers of Appointment Act; create.

Rep. Bobby Moak [D]

Date	Chamber	Action
2015-02-03	House	Died In Committee
2015-01-19	House	Referred To Judiciary A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2015/pdf/history/HB/HB1198.xml
Text	https://billstatus.ls.state.ms.us/documents/2015/html/HB/1100-1199/HB1198IN.htm