Bill > HB477

This bill clarifies that individuals who are 18 years old or older in Mississippi have the legal capacity to enter into binding contracts for the sale or encumbrance of personal property, mortgages, and real property, meaning they can legally buy, sell, or borrow against these assets. It also confirms their ability to invest in financial instruments like mutual funds and stocks. The bill also reiterates an existing law that allows a chancery court (a type of court handling equity matters) to remove the legal disabilities of a minor, which typically means granting them the rights of an adult before they reach the age of majority, particularly concerning real estate transactions. The intent is to ensure that 18-year-olds are treated as adults for these significant property and financial dealings.

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https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0477.xml