Bill Text: MS HB160 | 2015 | Regular Session | Engrossed
Bill Title: Foreign executor or administrator; revise authority of financial institutions to turn over property or funds of a decedent to.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2015-03-03 - Died In Committee [HB160 Detail]
Download: Mississippi-2015-HB160-Engrossed.html
MISSISSIPPI LEGISLATURE
2015 Regular Session
To: Judiciary A
By: Representative Gunn
House Bill 160
(As Passed the House)
AN ACT TO AMEND SECTION 91-7-259, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY PERSON OR FINANCIAL INSTITUTION MAY TURN OVER PERSONAL PROPERTY OR FUNDS OF A DECEDENT IN ITS POSSESSION TO AN EXECUTOR OR ADMINISTRATOR WHO HAS QUALIFIED IN ANOTHER STATE AND MAY RELY UPON A CERTIFIED COPY OF THE RECORD OF THE APPOINTMENT AND QUALIFICATION OF THE EXECUTOR OR ADMINISTRATOR ACCORDING TO THE LAW OF THE STATE WHERE HE IS QUALIFIED; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 91-7-259, Mississippi Code of 1972, is amended as follows:
91-7-259. Executors and
administrators who have qualified in other states or countries may sue in the
courts of this state, or may receive without suit and give a valid acquittance
for any personal property or funds on deposit of, or debts due
to, their testators or intestates, * * * and in turning over that
property or those funds or paying those debts to such an executor or
administrator, any person, bank or other financial institution in this state
who is indebted to the decedent or has some personal property in possession or
funds on deposit may rely without further inquiry upon a certified copy of
the record of the appointment and qualification of the executor or
administrator according to the law of the state or country where he is
qualified * * *.
SECTION 2. This act shall take effect and be in force from and after July 1, 2015.
