In case of the destruction of a stock of merchandise by fire upon which there is insurance against such loss, the holder of such insurance policies shall within five days after such loss notify his creditors to whom he is indebted for merchandise, of his loss and the amount of insurance carried, and no such policy or policies of insurance shall be transferred or assigned for ten days after such notice, and no such insurance shall be paid for fifteen days next after the occurrence of any such fire.
Structure Mississippi Code
Title 15 - Limitations of Actions and Prevention of Frauds
Chapter 3 - Prevention of Frauds
§ 15-3-1. Certain contracts to be in writing
§ 15-3-5. Fraudulent conveyances, judgments, loans and the like; exceptions
§ 15-3-9. Creditors to be notified of destruction of insured stock of merchandise by fire
§ 15-3-11. Actions on contracts made during infancy
§ 15-3-13. Chapter is not applicable to official sales
§ 15-3-15. Effect of chapter on rules of evidence or presumptions of law