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2 chapters · 61 sections in this title.
Miss. Code Ann. § 15-3-101 Definitions
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(a) The following words and phrases shall have the meanings ascribed herein, unless the context clearly indicates otherwise:(a) “Affiliate” means:(i) A person who directly or indirectly owns, controls or holds with power to vote, twenty percent (20%) or more of the outstanding vo…
Miss. Code Ann. § 15-3-103 Debtor insolvency; partnership insolvency; excluded assets; excluded debts
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(1) A debtor is insolvent if the sum of the debtor’s debts is greater than all of the debtor’s assets, at a fair valuation. (2) A debtor who generally is not paying his or her debts as they become due is presumed to be insolvent. (3) A partnership is insolvent under subsection (1…
Miss. Code Ann. § 15-3-105 Value specified
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(1) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor’s…
Miss. Code Ann. § 15-3-107 Fraudulent transfers as to present and future creditors; determination of actual intent; rebuttable presumption of fraud
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(1) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation with actual intent to hinder,…
