Bill Text: MS HB990 | 2010 | Regular Session | Comm Sub

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Bill Title: Arbitration clause; considered nonbinding in certain contracts.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-09 - Failed [HB990 Detail]

Download: Mississippi-2010-HB990-Comm_Sub.html

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MISSISSIPPI LEGISLATURE

2010 Regular Session

To: Judiciary B

By: Representative Banks

House Bill 990

(COMMITTEE SUBSTITUTE)

AN ACT TO PROVIDE THAT ARBITRATION CLAUSES IN CERTAIN CONTRACTS SHALL BE CONSIDERED NONBINDING; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  The Legislature declares that binding arbitration clauses in contracts between sellers or providers and a citizen of this state are unconscionable as a matter of public policy.

     SECTION 2.  An arbitration clause in any contract between a seller or provider and a citizen of this state shall be considered nonbinding.  Such citizen shall have all legal remedies available in the courts of this state in any matter that may be subject to such arbitration clause. 

     SECTION 3.  This act shall take effect and be in force from and after July 1, 2010.