Bill No.: HB0079                  Drafter:  LGC


LSO No.:  09LSO-0377              Effective Date:  7/1/2009


Enrolled Act No.:  HEA0027


Chapter No.:       62


Prime Sponsor:     Representative Brown


Catch Title:       Mortgages-redemption period.


Subject:      Clarifying redemption period for agricultural real estate.




Summary/Major Elements:


The act clarifies that the parties to a mortgage on agricultural real estate, their heirs, executors, administrators, assigns, guarantors or successors are bound by the twelve month redemption period generally provided for agricultural property in law.