House Bill 345

AN ACT TO CONFORM TO CERTAIN CHANGES TO THE MODEL ACT FOR THE UNIFORM COMMERCIAL CODE; TO AMEND SECTION 11-7-18, MISSISSIPPI CODE OF 1972, TO CONFORM THE LAW ON IMPLIED WARRANTIES, LIMITATIONS AND DISCLAIMERS TO THE NONUNIFORM CHOICE OF LAW PROVISIONS IN THE MISSISSIPPI ENACTMENT OF THE UNIFORM COMMERCIAL CODE; TO CREATE NEW SECTION 15-1-81, MISSISSIPPI CODE OF 1972, TO PROVIDE A SIX-YEAR STATUTE OF LIMITATIONS FOR NONNEGOTIABLE PROMISSORY NOTES; TO CREATE NEW SECTION 75-1-101, MISSISSIPPI CODE OF 1972, TO ENACT SHORT TITLES FOR THE UNIFORM COMMERCIAL CODE AND FOR ARTICLE 1; TO CREATE NEW SECTION 75-1-102, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE SCOPE OF THE GENERAL PROVISIONS OF ARTICLE 1; TO CREATE NEW SECTION 75-1-103, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR UNIFORM CONSTRUCTION OF THE UNIFORM COMMERCIAL CODE; TO CREATE NEW SECTION 75-1-104, MISSISSIPPI CODE OF 1972, TO PROHIBIT IMPLIED REPEAL; TO CREATE NEW SECTION 75-1-105, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR SEVERABILITY; TO CREATE NEW SECTION 75-1-106, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR GRAMMATICAL CONSTRUCTION OF PERSONAL AND POSSESSIVE PRONOUNS AS TO GENDER; TO CREATE NEW SECTION 75-1-107, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SECTION CAPTIONS ARE PART OF THE ACT; TO CREATE NEW SECTION 75-1-108, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE RELATIONSHIP BETWEEN THE ACT AND THE ELECTRONIC SIGNATURES ACT; TO CREATE NEW SECTION 75-1-201, MISSISSIPPI CODE OF 1972, TO ENACT GENERAL DEFINITIONS; TO CREATE NEW SECTION 75-1-202, MISSISSIPPI CODE OF 1972, TO SPECIFY WHEN BOTH NOTICE AND KNOWLEDGE OCCUR; TO CREATE NEW SECTION 75-1-203, MISSISSIPPI CODE OF 1972, TO DISTINGUISH A LEASE FROM A SECURITY INTEREST; TO CREATE NEW SECTION 75-1-204, MISSISSIPPI CODE OF 1972, TO SPECIFY WHEN A PERSON HAS GIVEN VALUE; TO CREATE NEW SECTION 75-1-205, MISSISSIPPI CODE OF 1972, TO DEFINE REASONABLE TIME AND SEASONABLENESS; TO CREATE NEW SECTION 75-1-206, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR PRESUMPTIONS OF FACT; TO CREATE NEW SECTION 75-1-301, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR TERRITORIAL APPLICABILITY; TO CREATE NEW SECTION 75-1-302, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR VARIATION BY AGREEMENT; TO CREATE NEW SECTION 75-1-303, MISSISSIPPI CODE OF 1972, TO DEFINE COURSE OF PERFORMANCE, COURSE OF DEALING, AND USAGE OF TRADE; TO CREATE NEW SECTION 75-1-304, MISSISSIPPI CODE OF 1972, TO REQUIRE GOOD FAITH; TO CREATE NEW SECTION 75-1-305, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR LIBERAL ADMINISTRATION OF REMEDIES; TO CREATE NEW SECTION 75-1-306, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR WAIVER OR RENUNCIATION OF CLAIM OR RIGHT UPON BREACH; TO CREATE NEW SECTION 75-1-307, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR PRIMA FACIE EVIDENCE BY THIRD-PARTY DOCUMENTS; TO CREATE NEW SECTION 75-1-308, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR PERFORMANCE OR ACCEPTANCE UNDER RESERVATION OF RIGHTS; TO CREATE NEW SECTION 75-1-309, MISSISSIPPI CODE OF 1972, TO ALLOW THE OPTION TO ACCELERATE AT WILL; TO CREATE NEW SECTION 75-1-310, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE SUBORDINATION OF OBLIGATIONS; TO AMEND SECTIONS 75-2-103, 75-2-107, 75-2-202, 75-2-315.1, 75-2A-103, 75-2A-501, 75-2A-51, 75-2A-518, 75-2A-527, 75-2A-528, 75-3-103, 75-3-106, 75-3-116, 75-3-119, 75-3-305, 75-3-309, 75-3-312, 75-3-415, 75-3-416, 75-3-417, 75-3-419, 75-3-602, 75-3-604, 75-3-605, 75-4-104, 75-4-105, 75-4-207, 75-4-208, 75-4-212, 75-4-301, 75-4-403, 75-4A-105, 75-4A-106, 75-4A-204, 75-5-103, 75-7-102, 75-8-102 AND 75-9-102, MISSISSIPPI CODE OF 1972, TO CONFORM; TO CREATE NEW SECTION 79-13-505, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE ENFORCEABILITY OF LIMITATIONS ON ASSIGNMENTS OF PARTNERSHIP INTERESTS; TO CREATE NEW SECTION 79-14-706, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE ENFORCEABILITY OF LIMITATIONS ON ASSIGNMENTS OF LIMITED PARTNERSHIP INTERESTS; TO REPEAL SECTIONS 75-1-101, 75-1-102, 75-1-103, 75-1-104, 75-1-105, 75-1-106, 75-1-107, 75-1-108, 75-1-109, 75-1-110, 75-1-201, 75-1-202, 75-1-203, 75-1-204, 75-1-205, 75-1-206, 75-1-207 AND 75-1-208, MISSISSIPPI CODE OF 1972, WHICH COMPRISE THE UNIFORM COMMERCIAL CODE ARTICLE 1 - GENERAL PROVISIONS, AND ARE BEING REPLACED BY REVISED ARTICLE 1 - GENERAL PROVISIONS; TO REPEAL SECTION 75-2-208, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE PRACTICAL CONSTRUCTION OF "COURSE OF PERFORMANCE" FOR PURPOSES OF THE UNIFORM COMMERCIAL CODE ARTICLE 2 - SALES, THE SUBSTANCE THEREOF BEING REENACTED IN REVISED ARTICLE 1 - GENERAL PROVISIONS; TO REPEAL SECTION 75-2A-207, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE PRACTICAL CONSTRUCTION OF "COURSE OF PERFORMANCE" FOR PURPOSES OF THE UNIFORM COMMERCIAL CODE ARTICLE 2A - LEASES, THE SUBSTANCE THEREOF BEING REENACTED IN REVISED ARTICLE 1 - GENERAL PROVISIONS; AND FOR RELATED PURPOSES.

In the House of Representatives

• Bobby Moak

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 6 – Feb 2

1. Jan 6Referred to the House committee on Judiciary A
2. Feb 2Died in committee in the House