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MS HB178

MS HB178
Motor vehicle; revise law authorizing owner to designate beneficiary for transfer of ownership by increasing number of beneficiaries to four.


summary

Introduced
01/10/2025
In Committee
01/10/2025
Crossed Over
Passed
Dead
02/04/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act To Amend Sections 63-21-251, 63-21-253, 63-21-257, 63-21-259 And 63-21-261, Mississippi Code Of 1972, To Increase The Number Of Designated Beneficiaries That A Motor Vehicle Owner May Include In A Beneficiary Designation Document To Transfer Ownership Of Said Motor Vehicle At The Time Of The Owner's Death, Up To Four Beneficiaries; To Bring Forward Section 63-21-255, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.

AI Summary

This bill modifies Mississippi law to expand the number of beneficiaries a motor vehicle owner can designate to transfer vehicle ownership upon their death from one to up to four beneficiaries. The changes update multiple sections of the Mississippi Code, allowing vehicle owners to name multiple people who can inherit their vehicle after death through a beneficiary designation document. Key provisions include defining "designated beneficiaries" as up to four persons who can receive vehicle ownership, establishing that these designations are revocable, nontestamentary, and do not require beneficiary consent or acceptance during the owner's lifetime. The beneficiary designation process involves submitting an application for vehicle title that explicitly states the transfer will occur upon the owner's death, with the legal names of beneficiaries included on the title. The bill specifies that beneficiaries must apply for title transfer within 180 days of the owner's death and provide proof of death, and that a beneficiary designation made before submission to the Department of Revenue is invalid. The changes aim to provide vehicle owners more flexibility in planning for vehicle transfer after their death, with the new law set to take effect on July 1, 2025.

Committee Categories

Justice

Sponsors (1)

Last Action

Died In Committee (on 02/04/2025)

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