No transfer subject to Sections 89-1-501 through 89-1-523 shall be invalidated solely because of the failure of any person to comply with any provision of Sections 89-1-501 through 89-1-523. However, any person who willfully or negligently violates or fails to perform any duty prescribed by any provision of Sections 89-1-501 through 89-1-523 shall be liable in the amount of actual damages suffered by a transferee.
Miss. Code Ann. § 89-1-523
Noncompliance with disclosure requirements not to invalidate transfer; liability for actual damages
Applied in 1 court decision — leading case 803 So. 2d 1186 - Powell v. Cohen Realty, Inc. (1999)
Most recently applied in 803 So. 2d 1186 - Powell v. Cohen Realty, Inc. (November 1999)
Laws, 1993, ch. 407, § 12, eff from and after July 1, 1993.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.