Real property conveyance; authorize 18 year olds to contract for.

Summary

The bill clarifies that anyone 18 or older can legally sign contracts to buy, sell, mortgage, or lease personal and real property, and can invest in securities. It also lets a chancery court remove a minor’s disability when the minor owns real estate, letting the minor act as an adult in those transactions. The measure was intended to modernize contract capacity rules but died in committee.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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