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Miss. Code Ann. § 75-9-303

Law governing perfection and priority of security interests in goods covered by a certificate of title

Applied in 1 court decision — leading case 292 So. 2d 151 - United States v. Merchants & Marine Bank (1974)

Most recently applied in 292 So. 2d 151 - United States v. Merchants & Marine Bank (March 1974)

Former 1972 Code § 75-9-303 [Codes, 1942, § 41A:9-303; Laws, 1966, ch. 316, § 9-303; Laws, 1996, ch. 468, § 64, eff from and after July 1, 1996] is now found in comparable provi…

This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor.

Goods become covered by a certificate of title when a valid application for the certificate of title and the applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the earlier of the time the certificate of title ceases to be effective under the law of the issuing jurisdiction or the time the goods become covered subsequently by a certificate of title issued by another jurisdiction.

The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of title from the time the goods become covered by the certificate of title until the goods cease to be covered by the certificate of title.

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.