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77 chapters · 1,836 sections in this title.
Miss. Code Ann. § 75-9-329 Priority of security interests in letter-of-credit right
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(1) The following rules govern priority among conflicting security interests in the same letter-of-credit right:(1) A security interest held by a secured party having control of the letter-of-credit right under Section 75-9-107 has priority to the extent of its control over a con…
Miss. Code Ann. § 75-9-330 Priority of purchaser of chattel paper or instrument
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(a) A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if:(1) In good faith and in the ordinary course of the purchaser’s business, the purchaser gives new value a…
Miss. Code Ann. § 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
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(a) This article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security i…
Miss. Code Ann. § 75-9-332 Transfer of money; transfer of funds from deposit account
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(a) A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party. (b) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit …
