HB394: Gold and Silver; authorize as legal tender.

Legislative Summary

An Act To Define The Terms Legal Tender And Specie; To Authorize Gold And Silver Coin As Legal Tender; To Prohibit Specie Or Legal Tender From Being Characterized As Personal Property For Taxation Or Regulatory Purposes; To Provide That The Exchange Of One Type Or Form Of Legal Tender For Another Type Or Form Of Legal Tender Shall Not Give Rise To Any Tax Liability; To Provide That The Purchase, Sale, Or Exchange Of Any Type Or Form Of Specie Shall Not Give Rise To Any Tax Liability; To Prohibit A Person From Compelling Another Person To Tender Specie Or To Accept Specie As Legal Tender; To Require The Attorney General's Office To Enforce This Act Without Prejudice To A Private Right Of Action; To Provide That Specie May Be Recognized To Pay Debts; To Bring Forward Section 75-1-201, Mississippi Code Of 1972, Which Relates To General Definitions Of The Uniform Commercial Code, For Purposes Of Possible Amendment; To Bring Forward Section 75-15-3, Mississippi Code Of 1972, Which Relates To The Mississippi Money Transmitters Act, For Purposes Of Possible Amendment; To Bring Forward Section 89-12-3, Mississippi Code Of 1972, Which Relates To The Uniform Disposition Of Unclaimed Property Act, For Purposes Of Possible Amendment; And For Related Purposes.