Mississippi Senate Bill 2227 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 10 2023 - 100% progression
Action: 2023-03-10 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Amend Section 83-24-7, Mississippi Code Of 1972, To Define The Term "federal Home Loan Bank"; To Amend Sections 83-24-11 And 83-24-29, Mississippi Code Of 1972, To Provide That A Federal Home Loan Bank Shall Not Be Stayed, Enjoined, Or Prohibited From Exercising Or Enforcing Any Right Or Cause Of Action Regarding Collateral Pledged Under A Security Agreement Or Under Any Pledge Agreement, Security Agreement, Collateral Agreement Or Other Similar Arrangement Or Credit Enhancement Relating To A Security Agreement To Which The Federal Home Loan Bank Is A Party; To Amend Section 83-24-41, Mississippi Code Of 1972, To Provide That No Liquidator Shall Have The Power To Disavow, Reject Or Repudiate Any Pledge Agreement, Security Agreement, Collateral Agreement Or Other Similar Agreement Or Credit Enhancement Relating To A Security Agreement To Which A Federal Home Loan Bank Is A Party; To Amend Section 83-24-51, Mississippi Code Of 1972, To Provide That, Except For In Limited Circumstances, A Receiver Shall Not Avoid Any Transfer Of, Or Any Obligation To Transfer, Money Or Any Other Property Arising Under Or In Connection With A Federal Home Loan Bank Security Agreement Or Any Pledge Agreement, Security Agreement, Collateral Agreement, Guarantee Agreement, Or Other Similar Arrangement Or Credit Enhancement Relating To A Security Agreement To Which A Federal Home Loan Bank Is A Party; To Amend Section 83-24-55, Mississippi Code Of 1972, To Provide That A Liquidator Or Rehabilitator Shall Not Avoid Any Preference Arising Under Or In Connection With A Federal Home Loan Bank Security Agreement Or Any Pledge Agreement, Security Agreement, Collateral Agreement, Guarantee Agreement, Or Other Similar Arrangement Or Credit Enhancement Relating To A Security Agreement To Which A Federal Home Loan Bank Is A Party; To Create New Section 83-24-119, Mississippi Code Of 1972, To Provide Certain Requirements And Procedures Of Federal Home Loan Banks If The Bank Exercises Certain Rights; And For Related Purposes.

Federal Home Loan Banks; provide certain rights and procedures regarding collateral.

Sen. Walter Michel [R]

2023-02-28 - House - House Passed (Y: 113 N: 2 NV: 6 Abs: 0) [PASS]
2023-02-01 - Senate - Senate Passed (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2023-03-10		Approved by Governor
2023-03-07	House	Enrolled Bill Signed
2023-03-06	Senate	Enrolled Bill Signed
2023-03-01	House	Returned For Enrolling
2023-02-28	House	Passed
2023-02-23	House	Title Suff Do Pass
2023-02-07	House	Referred To Insurance
2023-02-02	Senate	Transmitted To House
2023-02-01	Senate	Passed
2023-01-26	Senate	Title Suff Do Pass
2023-01-13	Senate	Referred To Insurance

Chapter	Article	Section	Citation Type	Statute Text
83	24	11	Amended Code	See Bill Text
83	24	29	Amended Code	See Bill Text
83	24	41	Amended Code	See Bill Text
83	24	51	Amended Code	See Bill Text
83	24	55	Amended Code	See Bill Text
83	24	7	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2023/pdf/history/SB/SB2227.xml
Text	https://billstatus.ls.state.ms.us/documents/2023/html/SB/2200-2299/SB2227IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2023/html/SB/2200-2299/SB2227PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2023/html/SB/2200-2299/SB2227SG.htm
Roll Call	https://billstatus.ls.state.ms.us/2023/pdf/votes/senate/0300028.pdf
Roll Call	https://billstatus.ls.state.ms.us/2023/pdf/votes/house/0570009.pdf