HB 1400

An act to create the mississippi high school student-athlete nil protection act; To define certain terms; To authorize any student-athlete to earn compensation for use of his OR her name, image and likeness (nil) under certain conditions; To provide that any nil contract executed without parental OR guardian consent shall be void and unenforceable, if such contract was executed by the student-athlete when he OR she was under the age of 18; To provide that if nil compensation that is paid to a student-athlete is $10,000 OR less during a calendar year, then such compensation may be paid directly to the student-athlete OR his OR her parent OR legal guardian; To provide that if nil compensation that is paid to a student-athlete exceeds $10,000 during a calendar year, then such compensation over the $10,000 amount shall be deposited into a restricted trust account, which is established for the benefit of the highschool student-athletes; To provide the conditions when the funds of such trust account shall be released to such student-athletes; To bring forward section 93-19-17, mississippi code of 1972, which pertains to student-athletes eighteen years of age OR older having the capacity to enter into certain legally binding contracts, for purposes of possible amendment; And for related purposes.