Mississippi HB477 allows 18-year-olds to enter binding contracts for real property, personal property, and financial investments.
Mississippi HB477 amends the state code to clarify that individuals aged 18 or older can enter into binding contractual relationships for personal property, mortgages, and real property. This includes the ability to convey and encumber these assets. Additionally, 18-year-olds can now lease real property for residence and secure utility services. The bill also specifies that chancery courts can remove the disability of minority for minors owning real estate, allowing them to perform acts related to such property. The changes take effect from July 1, 2026.
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- Core Provisions
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- Legal Framework
- Critical Issues
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