The following rules govern priority among conflicting security interests in the same investment property:
If the collateral is a security, obtaining control;
If the collateral is a security entitlement carried in a securities account and:
If the secured party obtained control under Section 75-8-106(d)(1), the secured party's becoming the person for which the securities account is maintained;
If the secured party obtained control under Section 75-8-106(d)(2), the securities intermediary's agreement to comply with the secured party's entitlement orders with respect to security entitlements carried or to be carried in the securities account; or
If the secured party obtained control through another person under Section 75-8-106(d)(3), the time on which priority would be based under this paragraph if the other person were the secured party; or
If the collateral is a commodity contract carried with a commodity intermediary, the satisfaction of the requirement for control specified in Section 75-9-106(b)(2) with respect to commodity contracts carried or to be carried with the commodity intermediary.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions
Part 3 - . Perfection and Priority
§ 75-9-317. Interests that take priority over or take free of security interest or agricultural lien
§ 75-9-319. Rights and title of consignee with respect to creditors and purchasers
§ 75-9-321. Licensee of general intangible and lessee of goods in ordinary course of business
§ 75-9-324. Priority of purchase-money security interests
§ 75-9-324A. Priority of production-money security interests and agricultural liens
§ 75-9-325. Priority of security interests in transferred collateral
§ 75-9-326. Priority of security interests created by new debtor
§ 75-9-327. Priority of security interests in deposit account
§ 75-9-328. Priority of security interests in investment property
§ 75-9-329. Priority of security interests in letter-of-credit right
§ 75-9-330. Priority of purchaser of chattel paper or instrument
§ 75-9-332. Transfer of money; transfer of funds from deposit account
§ 75-9-333. Priority of certain liens arising by operation of law
§ 75-9-334. Priority of security interests in fixtures and crops
§ 75-9-337. Priority of security interests in goods covered by certificate of title