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Miss. Code Ann. § 43-33-735

Pledge of earnings, revenues or other assets; liens

Laws, 1989, ch. 525, § 19, eff from and after July 1, 1989.

It is the intention of the Legislature that:

Any pledge of earnings, revenues or other assets consistent with the provisions of this article shall be valid and binding from the time when the pledge is made;

Any earnings, revenues or other assets so pledged and thereafter received by the corporation shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act;

Such liens shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the corporation irrespective of whether such parties have notice thereof; and

Neither the resolution nor any other instrument by which a pledge is created need be recorded.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.