reglab/housing_qa huggingface dataset:
MS Code § 75-9-206 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 2 - . Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement|Subpart 1 - Effectiveness and Attachment|§ 75-9-206. Security interest arising in purchase or delivery of financial asset

 A security interest in favor of a securities intermediary attaches to a person's security entitlement if:    The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; and   The securities intermediary credits the financial asset to the buyer's securities account before the buyer pays the securities intermediary.    The security interest described in subsection (a) secures the person's obligation to pay for the financial asset.   A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if:   The security or other financial asset:   In the ordinary course of business is transferred by delivery with any necessary endorsement or assignment; and   Is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and   The agreement calls for delivery against payment.   The security interest described in subsection (c) secures the obligation to make payment for the delivery.
MS Code § 75-9-207 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 2 - . Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement|Subpart 2 - Rights and Duties|§ 75-9-207. Rights and duties of secured party having possession or control of collateral

 Except as otherwise provided in subsection (d), a secured party shall use reasonable care in the custody and preservation of collateral in the secured party's possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserve rights against prior parties unless otherwise agreed.   Except as otherwise provided in subsection (d), if a secured party has possession of collateral:    Reasonable expenses, including the cost of insurance and payment of taxes or other charges, incurred in the custody, preservation, use, or operation of the collateral are chargeable to the debtor and are secured by the collateral;   The risk of accidental loss or damage is on the debtor to the extent of a deficiency in any effective insurance coverage;   The secured party shall keep the collateral identifiable, but fungible collateral may be commingled; and   The secured party may use or operate the collateral:    For the purpose of preserving the collateral or its value;   As permitted by an order of a court having competent jurisdiction; or   Except in the case of consumer goods, in the manner and to the extent agreed by the debtor.   Except as otherwise provided in subsection (d), a secured party having possession of collateral or control of collateral under Section 75-7-106, 75-9-104, 75-9-105, 75-9-106 or 75-9-107:   May hold as additional security any proceeds, except money or funds, received from the collateral;   Shall apply money or funds received from the collateral to reduce the secured obligation, unless remitted to the debtor; and   May create a security interest in the collateral.   If the secured party is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor:   Subsection (a) does not apply unless the secured party is entitled under an agreement:   To charge back uncollected collateral; or   Otherwise to full or limited recourse against the debtor or a secondary obligor based on the nonpayment or other default of an account debtor or other obligor on the collateral; and   Subsections (b) and (c) do not apply.
MS Code § 75-9-209 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 2 - . Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement|Subpart 2 - Rights and Duties|§ 75-9-209. Duties of secured party if account debtor has been notified of assignment

 Except as otherwise provided in subsection (c), this section applies if:    There is no outstanding secured obligation; and   The secured party is not committed to make advances, incur obligations, or otherwise give value.    Within ten (10) days after receiving an authenticated demand by the debtor, a secured party shall send to an account debtor that has received notification of an assignment to the secured party as assignee under Section 75-9-406(a) an authenticated record that releases the account debtor from any further obligation to the secured party.   This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
MS Code § 75-9-301 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 1 - Law Governing Perfection and Priority|§ 75-9-301. Law governing perfection and priority of security interests

 Except as otherwise provided in Sections 75-9-303 through 75-9-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:    Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.   While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.   Except as otherwise provided in paragraph (4), while tangible negotiable documents, goods, instruments, money or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs:   The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.    Perfection of a security interest in the goods by filing a fixture filing;   Perfection of a security interest in timber to be cut; and   The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.
MS Code § 75-9-302 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 1 - Law Governing Perfection and Priority|§ 75-9-302. Law governing perfection and priority of agricultural liens

 While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.
MS Code § 75-9-303 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 1 - Law Governing Perfection and Priority|§ 75-9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title

 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.
MS Code § 75-9-304 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 1 - Law Governing Perfection and Priority|§ 75-9-304. Law governing perfection and priority of security interests in deposit accounts

 The local law of a bank's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank.   The following rules determine a bank's jurisdiction for purposes of this part:    If an agreement between the bank and its customer governing the deposit account expressly provides that a particular jurisdiction is the bank's jurisdiction for purposes of this part, this article, or the Uniform Commercial Code, that jurisdiction is the bank's jurisdiction.   If paragraph (1) does not apply and an agreement between the bank and its customer governing the deposit account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the bank's jurisdiction.   If neither paragraph (1) nor paragraph (2) applies and an agreement between the bank and its customer governing the deposit account expressly provides that the deposit account is maintained at an office in a particular jurisdiction, that jurisdiction is the bank's jurisdiction.   If none of the preceding paragraphs applies, the bank's jurisdiction is the jurisdiction in which the office identified in an account statement as the office serving the customer's account is located.   If none of the preceding paragraphs applies, the bank's jurisdiction is the jurisdiction in which the chief executive office of the bank is located.
MS Code § 75-9-306 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 1 - Law Governing Perfection and Priority|§ 75-9-306. Law governing perfection and priority of security interests in letter-of-credit rights

 Subject to subsection (c), the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer's jurisdiction or nominated person's jurisdiction is a state.   For purposes of this part, an issuer's jurisdiction or nominated person's jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in Section 75-5-116.   This section does not apply to a security interest that is perfected only under Section 75-9-308(d).
MS Code § 75-9-308 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 2 - Perfection|§ 75-9-308. When security interest or agricultural lien is perfected; continuity of perfection

 Except as otherwise provided in this section and Section 75-9-309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in Sections 75-9-310 through 75-9-316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches.   An agricultural lien is perfected if it has become effective and all of the applicable requirements for perfection in Section 75-9-310 have been satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective.   A security interest or agricultural lien is perfected continuously if it is originally perfected by one method under this article and is later perfected by another method under this article, without an intermediate period when it was unperfected.   Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral.   Perfection of a security interest in a right to payment or performance also perfects a security interest in a security interest, mortgage, or other lien on personal or real property securing the right.   Perfection of a security interest in a securities account also perfects a security interest in the security entitlements carried in the securities account.   Perfection of a security interest in a commodity account also perfects a security interest in the commodity contracts carried in the commodity account.
MS Code § 75-9-309 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 2 - Perfection|§ 75-9-309. Security interest perfected upon attachment

 The following security interests are perfected when they attach:    A purchase-money security interest in consumer goods, except as otherwise provided in Section 75-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in Section 75-9-311(a);   An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;   A sale of a payment intangible;   A sale of a promissory note;   A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;   A security interest arising under Section 75-2-401, 75-2-505, 75-2-711(3), or 75-2A-508(5), until the debtor obtains possession of the collateral;   A security interest of a collecting bank arising under Section 75-4-210;   A security interest of an issuer or nominated person arising under Section 75-5-118;   A security interest arising in the delivery of a financial asset under Section 75-9-206(c);   A security interest in investment property created by a broker or securities intermediary;   A security interest in a commodity contract or a commodity account created by a commodity intermediary;   An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;   A security interest created by an assignment of a beneficial interest in a decedent's estate; and   A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.
MS Code § 75-9-310 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 2 - Perfection|§ 75-9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply

 Except as otherwise provided in subsection (b) and Section 75-9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.   The filing of a financing statement is not necessary to perfect a security interest:    That is perfected under Section 75-9-308(d), (e), (f), or (g);   That is perfected under Section 75-9-309 when it attaches;   In property subject to a statute, regulation, or treaty described in Section 75-9-311(a);   In goods in possession of a bailee which is perfected under Section 75-9-312(d)(1) or (2);   In certificated securities, documents, goods or instruments which is perfected without filing, control or possession under Section 75-9-312(e), (f), or (g);   In collateral in the secured party's possession under Section 75-9-313;   In a certificated security which is perfected by delivery of the security certificate to the secured party under Section 75-9-313;   In deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under Section 75-9-314;   In proceeds which is perfected under Section 75-9-315; or   That is perfected under Section 75-9-316.    If a secured party assigns a perfected security interest or agricultural lien, a filing under this article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.
MS Code § 75-9-311 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 2 - Perfection|§ 75-9-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties

 Except as otherwise provided in subsection (d), the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to:    A statute, regulation, or treaty of the United States whose requirements for a security interest's obtaining priority over the rights of a lien creditor with respect to the property preempt Section 75-9-310(a);   Sections 63-21-1 through 63-21-77 (the Mississippi Motor Vehicle and Manufactured Housing Title Law) or a certificate of title issued pursuant to Sections 59-25-1 through 59-25-17 (Certificates of Title for Boats and Other Vessels); or   A statute of another jurisdiction which provides for a security interest to be indicated on a certificate of title as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the property.    Compliance with the requirements of a statute, regulation, or treaty described in subsection (a) for obtaining priority over the rights of a lien creditor is equivalent to the filing of a financing statement under this article. Except as otherwise provided in subsection (d) and Sections 75-9-313 and 75-9-316(d) and (e) for goods covered by a certificate of title, a security interest in property subject to a statute, regulation, or treaty described in subsection (a) may be perfected only by compliance with those requirements, and a security interest so perfected remains perfected notwithstanding a change in the use or transfer of possession of the collateral.   Except as otherwise provided in subsection (d) and Section 75-9-316(d) and (e), duration and renewal of perfection of a security interest perfected by compliance with the requirements prescribed by a statute, regulation, or treaty described in subsection (a) are governed by the statute, regulation, or treaty. In other respects, the security interest is subject to this article.   During any period in which collateral subject to a statute specified in subsection (a) (2) is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling goods of that kind, this section does not apply to a security interest in that collateral created by that person.
MS Code § 75-9-312 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 2 - Perfection|§ 75-9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing; temporary perfection without filing

 A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing.   Except as otherwise provided in Section 75-9-315(c) and (d) for proceeds:    A security interest in a deposit account may be perfected only by control under Section 75-9-314;   And except as otherwise provided in Section 75-9-308(d), a security interest in a letter-of-credit right may be perfected only by control under Section 75-9-314; and   A security interest in money may be perfected only by the secured party's taking possession under Section 75-9-313.    While goods are in the possession of a bailee that has issued a negotiable document covering the goods:   A security interest in the goods may be perfected by perfecting a security interest in the document; and   A security interest perfected in the document has priority over any security interest that becomes perfected in the goods by another method during that time.   While goods are in the possession of a bailee that has issued a nonnegotiable document covering the goods, a security interest in the goods may be perfected by:   Issuance of a document in the name of the secured party;   The bailee's receipt of notification of the secured party's interest; or   Filing as to the goods.   A security interest in certificated securities, negotiable documents, or instruments is perfected without filing or the taking of possession or control for a period of twenty (20) days from the time it attaches to the extent that it arises for new value given under an authenticated security agreement.   A perfected security interest in a negotiable document or goods in possession of a bailee, other than one that has issued a negotiable document for the goods, remains perfected for twenty (20) days without filing if the secured party makes available to the debtor the goods or documents representing the goods for the purpose of:   Ultimate sale or exchange; or   Loading, unloading, storing, shipping, transshipping, manufacturing, processing, or otherwise dealing with them in a manner preliminary to their sale or exchange.   A perfected security interest in a certificated security or instrument remains perfected for twenty (20) days without filing if the secured party delivers the security certificate or instrument to the debtor for the purpose of:   Ultimate sale or exchange; or   Presentation, collection, enforcement, renewal or registration of transfer.   After the twenty-day period specified in subsection (e), (f), or (g) expires, perfection depends upon compliance with this article.
MS Code § 75-9-314 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 3 - . Perfection and Priority|Subpart 2 - Perfection|§ 75-9-314. Perfection by control

 A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Section 75-7-106, 75-9-104, 75-9-105, 75-9-106 or 75-9-107.   A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under Section 75-7-106, 75-9-104, 75-9-105 or 75-9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.   A security interest in investment property is perfected by control under Section 75-9-106 from the time the secured party obtains control and remains perfected by control until:    The secured party does not have control; and   One (1) of the following occurs:    If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;   If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or   If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.