A pledgor shall have no obligation to redeem pledged goods or make any payment on a pawn transaction. Pledged goods not redeemed within thirty (30) days following the originally fixed maturity date shall automatically be forfeited to the pawnbroker by operation of this section, and absolute right, title and interest in and to such goods shall automatically vest to the pawnbroker.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Article 7 - Mississippi Pawnshop Act
§ 75-67-307. Information required to be pre-printed on pawn ticket
§ 75-67-311. Redemption of pledged goods; failure to redeem
§ 75-67-315. Prohibited acts of pawnbrokers, and clerks, agents or employees of pawnbroker
§ 75-67-331. Penalty for failure to secure a license
§ 75-67-337. Severability provision
§ 75-67-339. Time limit for existing pawnbrokers to apply for license and pay fee