Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions

§ 75-9-103A. "Production-money crops"; "production-money obligation"; production-money security interest; burden of establishing - A security interest in crops is a production-money security interest...

§ 75-9-104. Control of deposit account - A secured party has control of a deposit account if:...

§ 75-9-105. Control of electronic chattel paper - A secured party has control of electronic chattel paper if...

§ 75-9-106. Control of investment property - A person has control of a certificated security, uncertificated security,...

§ 75-9-107. Control of letter-of-credit right - A secured party has control of a letter-of-credit right to...

§ 75-9-108. Sufficiency of description - Except as otherwise provided in subsections (c), (d), and (e),...

Subpart 2 - Applicability of Article

§ 75-9-109. Scope - Except as otherwise provided in subsections (c) and (d), this...

§ 75-9-110. Security interests arising under Article 2 or 2A - A security interest arising under Section 75-2-401, 75-2-505, 75-2-711(3), or...

Part 2 - . Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement

Subpart 1 - Effectiveness and Attachment

§ 75-9-201. General effectiveness of security agreement - Except as otherwise provided in the Uniform Commercial Code, a...

§ 75-9-202. Title to collateral immaterial - Except as otherwise provided with respect to consignments or sales...

§ 75-9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites - A security interest attaches to collateral when it becomes enforceable...

§ 75-9-204. After-acquired property; future advances - Except as otherwise provided in subsection (b), a security agreement...

§ 75-9-205. Use or disposition of collateral permissible - A security interest is not invalid or fraudulent against creditors...

§ 75-9-206. Security interest arising in purchase or delivery of financial asset - A security interest in favor of a securities intermediary attaches...

Subpart 2 - Rights and Duties

§ 75-9-207. Rights and duties of secured party having possession or control of collateral - Except as otherwise provided in subsection (d), a secured party...

§ 75-9-208. Additional duties of secured party having control of collateral - This section applies to cases in which there is no...

§ 75-9-209. Duties of secured party if account debtor has been notified of assignment - Except as otherwise provided in subsection (c), this section applies...

§ 75-9-210. Request for accounting; request regarding list of collateral or statement of account - In this section: Subject to subsections (c), (d), (e), and...

Part 3 - . Perfection and Priority

Subpart 1 - Law Governing Perfection and Priority

§ 75-9-301. Law governing perfection and priority of security interests - Except as otherwise provided in Sections 75-9-303 through 75-9-306, the...

§ 75-9-302. Law governing perfection and priority of agricultural liens - While farm products are located in a jurisdiction, the local...

§ 75-9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title - This section applies to goods covered by a certificate of...

§ 75-9-304. Law governing perfection and priority of security interests in deposit accounts - The local law of a bank's jurisdiction governs perfection, the...

§ 75-9-305. Law governing perfection and priority of security interests in investment property - Except as otherwise provided in subsection (c), the following rules...

§ 75-9-306. Law governing perfection and priority of security interests in letter-of-credit rights - Subject to subsection (c), the local law of the issuer's...

§ 75-9-307. Location of debtor - In this section, "place of business" means a place where...

Subpart 2 - Perfection

§ 75-9-308. When security interest or agricultural lien is perfected; continuity of perfection - Except as otherwise provided in this section and Section 75-9-309,...

§ 75-9-309. Security interest perfected upon attachment - The following security interests are perfected when they attach:

§ 75-9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply - Except as otherwise provided in subsection (b) and Section 75-9-312(b),...

§ 75-9-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties - Except as otherwise provided in subsection (d), the filing of...

§ 75-9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing; temporary perfection withou... - A security interest in chattel paper, negotiable documents, instruments, or...

§ 75-9-313. When possession by or delivery to secured party perfects security interest without filing - Except as otherwise provided in subsection (b), a secured party...

§ 75-9-314. Perfection by control - A security interest in investment property, deposit accounts, letter-of-credit rights,...

§ 75-9-315. Secured party's rights on disposition of collateral and in proceeds - Except as otherwise provided in this article and in Section...

§ 75-9-316. Effect of change in governing law - A security interest perfected pursuant to the law of the...

Subpart 3 - Priority

§ 75-9-317. Interests that take priority over or take free of security interest or agricultural lien - A security interest or agricultural lien is subordinate to the...

§ 75-9-318. No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers - A debtor that has sold an account, chattel paper, payment...

§ 75-9-319. Rights and title of consignee with respect to creditors and purchasers - Except as otherwise provided in subsection (b), for purposes of...

§ 75-9-320. Buyer of goods - Except as otherwise provided in subsection (e), a buyer in...

§ 75-9-321. Licensee of general intangible and lessee of goods in ordinary course of business - In this section, "licensee in ordinary course of business" means...

§ 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...

§ 75-9-323. Future advances - Except as otherwise provided in subsection (c), for purposes of...

§ 75-9-324. Priority of purchase-money security interests - Except as otherwise provided in subsection (g), a perfected purchase-money...

§ 75-9-324A. Priority of production-money security interests and agricultural liens - Except as otherwise provided in subsections (c), (d), and (e),...

§ 75-9-325. Priority of security interests in transferred collateral - Except as otherwise provided in subsection (b), a security interest...

§ 75-9-326. Priority of security interests created by new debtor - Subject to subsection (b), a security interest that is created...

§ 75-9-327. Priority of security interests in deposit account - The following rules govern priority among conflicting security interests in...

§ 75-9-328. Priority of security interests in investment property - The following rules govern priority among conflicting security interests in...

§ 75-9-329. Priority of security interests in letter-of-credit right - The following rules govern priority among conflicting security interests in...

§ 75-9-330. Priority of purchaser of chattel paper or instrument - A purchaser of chattel paper has priority over a security...

§ 75-9-331. Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under Article 8 - This article does not limit the rights of a holder...

§ 75-9-332. Transfer of money; transfer of funds from deposit account - A transferee of money takes the money free of a...

§ 75-9-333. Priority of certain liens arising by operation of law - In this section, "possessory lien" means an interest, other than...

§ 75-9-334. Priority of security interests in fixtures and crops - A security interest under this article may be created in...

§ 75-9-335. Accessions - A security interest may be created in an accession and...

§ 75-9-336. Commingled goods - In this section, "commingled goods" means goods that are physically...

§ 75-9-337. Priority of security interests in goods covered by certificate of title - If, while a security interest in goods is perfected by...

§ 75-9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information - If a security interest or agricultural lien is perfected by...

§ 75-9-339. Priority subject to subordination - This article does not preclude subordination by agreement by a...

Subpart 4 - Rights of Bank

§ 75-9-340. Effectiveness of right of recoupment or set-off against deposit account - Except as otherwise provided in subsection (c), a bank with...

§ 75-9-341. Bank's rights and duties with respect to deposit account - Except as otherwise provided in Section 75-9-340(c), and unless the...

§ 75-9-342. Bank's right to refuse to enter into or disclose existence of control agreement - This article does not require a bank to enter into...

Part 4 - . Rights of Third Parties

§ 75-9-401. Alienability of debtor's rights - Except as otherwise provided in subsection (b) and Sections 75-9-406,...

§ 75-9-402. Secured party not obligated on contract of debtor or in tort - The existence of a security interest, agricultural lien, or authority...

§ 75-9-403. Agreement not to assert defenses against assignee - In this section, "value" has the meaning provided in Section...

§ 75-9-404. Rights acquired by assignee; claims and defenses against assignee - Unless an account debtor has made an enforceable agreement not...

§ 75-9-405. Modification of assigned contract - A modification of or substitution for an assigned contract is...

§ 75-9-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective - Subject to subsections (b) through (i), an account debtor on...

§ 75-9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest - Except as otherwise provided in subsection (b), a term in...

§ 75-9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective - Except as otherwise provided in subsection (b), a term in...

§ 75-9-409. Restrictions on assignment of letter-of-credit rights ineffective - A term in a letter of credit or a rule...

Part 5 - . Filing

Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement

§ 75-9-501. Filing office - Except as otherwise provided in subsection (b), if the local...

§ 75-9-501.1. Fraudulent or false filings; review of record presented for filing; refusal or termination of record; applicability - No person shall cause to be communicated to the filing...

§ 75-9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement - Subject to subsection (b), a financing statement is sufficient only...

§ 75-9-503. Name of debtor and secured party - A financing statement sufficiently provides the name of the debtor:...

§ 75-9-504. Indication of collateral - A financing statement sufficiently indicates the collateral that it covers...

§ 75-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions - A consignor, lessor, or other bailor of goods, a licensor,...

§ 75-9-506. Effect of errors or omissions - A financing statement substantially satisfying the requirements of this part...

§ 75-9-507. Effect of certain events on effectiveness of financing statement - A filed financing statement remains effective with respect to collateral...

§ 75-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement - Except as otherwise provided in this section, a filed financing...

§ 75-9-509. Persons entitled to file a record - A person may file an initial financing statement, amendment that...

§ 75-9-510. Effectiveness of filed record - A filed record is effective only to the extent that...

§ 75-9-511. Secured party of record - A secured party of record with respect to a financing...

§ 75-9-512. Amendment of financing statement - Subject to Section 75-9-509, a person may add or delete...

§ 75-9-513. Termination statement - A secured party shall cause the secured party of record...

§ 75-9-514. Assignment of powers of secured party of record - Except as otherwise provided in subsection (c), an initial financing...

§ 75-9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement - Except as otherwise provided in subsections (b), (e), (f), and...

§ 75-9-516. What constitutes filing; effectiveness of filing - Except as otherwise provided in subsection (b), communication of a...

§ 75-9-517. Effect of indexing errors - The failure of the filing office to index a record...

§ 75-9-518. Claim concerning inaccurate or wrongfully filed record - A person may file in the filing office an information...

Subpart 2 - Duties and Operation of Filing Office

§ 75-9-519. Numbering, maintaining, and indexing records; communicating information provided in records - For each record filed in a filing office, the filing...

§ 75-9-520. Acceptance and refusal to accept record - A filing office shall refuse to accept a record for...

§ 75-9-521. Uniform form of written financing statement and amendment - A filing office that accepts written records may not refuse...

§ 75-9-522. Maintenance and destruction of records - The filing office shall maintain a record of the information...

§ 75-9-523. Information from filing office; sale or license of records - If a person that files a written record requests an...

§ 75-9-524. Delay by filing office - Delay by the filing office beyond a time limit prescribed...

§ 75-9-525. Fees - Except as otherwise provided in subsection (e), the fee for...

§ 75-9-526. Filing-office rules - The Secretary of State shall adopt and publish rules to...

§ 75-9-527. Duty to report - The Secretary of State shall report annually on or before...

Part 6 - . Default

Subpart 1 - Default and Enforcement of Security Interest

§ 75-9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes - After default, a secured party has the rights provided in...

§ 75-9-602. Waiver and variance of rights and duties - Except as otherwise provided in Section 75-9-624, to the extent...

§ 75-9-603. Agreement on standards concerning rights and duties - The parties may determine by agreement the standards measuring the...

§ 75-9-604. Procedure if security agreement covers real property or fixtures - If a security agreement covers both personal and real property,...

§ 75-9-605. Unknown debtor or secondary obligor - A secured party does not owe a duty based on...

§ 75-9-606. Time of default for agricultural lien - For purposes of this part, a default occurs in connection...

§ 75-9-607. Collection and enforcement by secured party - If so agreed, and in any event after default, a...

§ 75-9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus - If a security interest or agricultural lien secures payment or...

§ 75-9-609. Secured party's right to take possession after default - After default, a secured party: A secured party may proceed...

§ 75-9-610. Disposition of collateral after default - After default, a secured party may sell, lease, license, or...

§ 75-9-611. Notification before disposition of collateral - In this section, "notification date" means the earlier of the...

§ 75-9-612. Timeliness of notification before disposition of collateral - Except as otherwise provided in subsection (b), whether a notification...

§ 75-9-613. Contents and form of notification before disposition of collateral: general - Except in a consumer-goods transaction, the following rules apply: Click...

§ 75-9-614. Contents and form of notification before disposition of collateral: consumer-goods transaction - In a consumer-goods transaction, the following rules apply: Name and...

§ 75-9-615. Application of proceeds of disposition; liability for deficiency and right to surplus - A secured party shall apply or pay over for application...

§ 75-9-616. Explanation of calculation of surplus or deficiency - In this section: States the amount of the surplus or...

§ 75-9-617. Rights of transferee of collateral - A secured party's disposition of collateral after default: A transferee...

§ 75-9-618. Rights and duties of certain secondary obligors - A secondary obligor acquires the rights and becomes obligated to...

§ 75-9-619. Transfer of record or legal title - In this section, "transfer statement" means a record authenticated by...

§ 75-9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral - Except as otherwise provided in subsection (g), a secured party...

§ 75-9-621. Notification of proposal to accept collateral - A secured party that desires to accept collateral in full...

§ 75-9-622. Effect of acceptance of collateral - A secured party's acceptance of collateral in full or partial...

§ 75-9-623. Right to redeem collateral - A debtor, any secondary obligor, or any other secured party...

§ 75-9-624. Waiver - A debtor or secondary obligor may waive the right to...

Subpart 2 - Noncompliance With Article

§ 75-9-625. Remedies for secured party's failure to comply with article - If it is established that a secured party is not...

§ 75-9-626. Action in which deficiency or surplus is in issue - In an action arising from a transaction in which the...

§ 75-9-627. Determination of whether conduct was commercially reasonable - The fact that a greater amount could have been obtained...

§ 75-9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor - Unless a secured party knows that a person is a...

Part 7 - . Transition

§ 75-9-702. Savings clause - Except as otherwise provided in this part, this act applies...

§ 75-9-703. Security interest perfected before effective date - A security interest that is enforceable immediately before January 1,...

§ 75-9-704. Security interest unperfected before effective date - A security interest that is enforceable immediately before January 1,...

§ 75-9-705. Effectiveness of action taken before effective date - If action, other than the filing of a financing statement,...

§ 75-9-706. When initial financing statement suffices to continue effectiveness of financing statement - The filing of an initial financing statement in the office...

§ 75-9-707. Amendment of pre-effective-date financing statement - In this section, "pre-effective-date financing statement" means a financing statement...

§ 75-9-708. Persons entitled to file initial financing statement or continuation statement - A person may file an initial financing statement or a...

§ 75-9-709. Priority - This act determines the priority of conflicting claims to collateral....

§ 75-9-710. Special transitional provisions for maintaining and searching local records - In this section: The term does not include records presented...

Part 8 - . Transition Provisions for 2013 Amendments

§ 75-9-801. Effective date - Chapter 451, Laws of 2013, takes effect on July 1,...

§ 75-9-802. Savings clause - Except as otherwise provided in this part, Chapter 451, Laws...

§ 75-9-803. Security interest perfected before July 1, 2013 - A security interest that is a perfected security interest immediately...

§ 75-9-804. Security interest unperfected before July 1, 2013 - A security interest that is an unperfected security interest immediately...

§ 75-9-805. Effectiveness of action taken before July 1, 2013 - The filing of a financing statement before July 1, 2013,...

§ 75-9-806. When initial financing statement suffices to continue effectiveness of financing statement - The filing of an initial financing statement in the office...

§ 75-9-807. Amendment of pre-effective-date financing statement - In this section, "pre-effective-date financing statement" means a financing statement...

§ 75-9-808. Person entitled to file initial financing statement or continuation statement - A person may file an initial financing statement or a...

§ 75-9-809. Priority - Chapter 451, Laws of 2013, determines the priority of conflicting...

<< Previous

Next >>

Mississippi Code Title 75 - Regulation of Trade, Commerce and Investments Chapter 9 - Uniform Commercial Code-Secured Transactions

Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions