Miss. Code Ann. § 75-9-110

Security interests arising under Article 2 or 2A

Applied in 3 court decisions — leading case United States v. Southeast Mississippi Livestock Farmers Ass'n (1980)

Most recently applied in First Bank v. Eastern Livestock Co. (July 1993)

Former 1972 Code § 75-9-110 [Codes, 1942, § 41A:9-110; Laws, 1966, ch. 316, § 9-110] is now found in comparable provisions enacted at § 75-9-108 by Laws, 2001, ch. 495, § 1

A security interest arising under Section 75-2-401, 75-2-505, 75-2-711(3), or 75-2A-508(5) is subject to this article. However, until the debtor obtains possession of the goods:

(1) The security interest is enforceable, even if Section 75-9-203(b)(3) has not been satisfied;

(2) Filing is not required to perfect the security interest;

(3) The rights of the secured party after default by the debtor are governed by Article 2 or 2A; and

(4) The security interest has priority over a conflicting security interest created by the debtor.

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.