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Miss. Code Ann. § 75-9-505

Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

Applied in 2 court decisions — leading case 566 So. 2d 1218 - Wansley v. First Nat. Bank of Vicksburg (1990)

Most recently applied in 566 So. 2d 1218 - Wansley v. First Nat. Bank of Vicksburg (August 1990)

Former 1972 Code § 75-9-505 [Codes, 1942, § 41A:9-505; Laws, 1966, ch. 316, § 9-505; Laws, 1977, ch. 452, § 35, eff from and after April 1, 1978] is now found in comparable prov…

A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in Section 75-9-311(a), using the terms “consignor,” “consignee,” “lessor,” “lessee,” “bailor,” “bailee,” “licensor,” “licensee,” “owner,” “registered owner,” “buyer,” “seller,” or words of similar import, instead of the terms “secured party” and “debtor.”

This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under Section 75-9-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.

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.