Mississippi Code
Subpart 3 - Priority
§ 75-9-322. Priorities among conflicting security interests in and agricultural liens on same collateral

Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:
For the purposes of subsection (a)(1):
The time of filing or perfection as to a security interest in collateral is also the time of filing or perfection as to a security interest in proceeds; and
The time of filing or perfection as to a security interest in collateral supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation.
Except as otherwise provided in subsection (f), a security interest in collateral which qualifies for priority over a conflicting security interest under Section 75-9-327, 75-9-328, 75-9-329, 75-9-330, or 75-9-331 also has priority over a conflicting security interest in:
Any supporting obligation for the collateral; and
Proceeds of the collateral if:
The security interest in proceeds is perfected;
The proceeds are cash proceeds or of the same type as the collateral; and
In the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.
Subject to subsection (e) and except as otherwise provided in subsection (f), if a security interest in chattel paper, deposit accounts, negotiable documents, instruments, investment property, or letter-of-credit rights is perfected by a method other than filing, conflicting perfected security interests in proceeds of the collateral rank according to priority in time of filing.
Subsection (d) applies only if the proceeds of the collateral are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights.
Subsections (a) through (e) are subject to:
Subsection (g) and the other provisions of this part;
Section 75-4-210 with respect to a security interest of a collecting bank;
Section 75-5-118 with respect to a security interest of an issuer or nominated person; and
A perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating the agricultural lien so provides.