89-1-523 - Noncompliance with disclosure requirements not to invalidate transfer; liability for actual damages. - Mississippi Statutes

§ 89-1-523. Noncompliance with disclosure requirements not to invalidate transfer; liability for actual damages.
 

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. 
 

Sources: Laws,  1993, ch. 407, § 12, eff from and after July 1, 1993.