reglab/housing_qa huggingface dataset:
MS Code § 75-9-315 (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|§ 75-9-315. Secured party's rights on disposition of collateral and in proceeds

 Except as otherwise provided in this article and in Section 75-2-403(2):    A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and   A security interest attaches to any identifiable proceeds of collateral.   The security interest in the proceeds is perfected other than under subsection (c) when the security interest attaches to the proceeds or within twenty (20) days thereafter.    Proceeds that are commingled with other property are identifiable proceeds:   If the proceeds are goods, to the extent provided by Section 75-9-336; and   If the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this article with respect to commingled property of the type involved.   A security interest in proceeds is a perfected security interest if the security interest in the original collateral was perfected.   A perfected security interest in proceeds becomes unperfected on the twenty-first day after the security interest attaches to the proceeds unless:   The following conditions are satisfied:   A filed financing statement covers the original collateral;   The proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and   The proceeds are not acquired with cash proceeds;   The proceeds are identifiable cash proceeds; or   If a filed financing statement covers the original collateral, a security interest in proceeds which remains perfected under subsection (d)(1) becomes unperfected at the later of:   When the effectiveness of the filed financing statement lapses under Section 75-9-515 or is terminated under Section 75-9-513; or   The twenty-first day after the security interest attaches to the proceeds.
MS Code § 75-9-317 (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 3 - Priority|§ 75-9-317. Interests that take priority over or take free of security interest or agricultural lien

 A security interest or agricultural lien is subordinate to the rights of:    A person entitled to priority under Section 75-9-322; and   Except as otherwise provided in subsection (e), a person that becomes a lien creditor before the earlier of the time:    The security interest or agricultural lien is perfected; or   One (1) of the conditions specified in Section 75-9-203(b)(3) is met and a financing statement covering the collateral is filed.   Except as otherwise provided in subsection (e), a buyer, other than a secured party, of tangible chattel paper, documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.   Except as otherwise provided in subsection (e), a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.   A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.   Except as otherwise provided in Sections 75-9-320 and 75-9-321, if a person files a financing statement with respect to a purchase-money security interest before or within twenty (20) days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor which arise between the time the security interest attaches and the time of filing.
MS Code § 75-9-318 (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 3 - Priority|§ 75-9-318. No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers

 A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.   For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer's security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.
MS Code § 75-9-319 (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 3 - Priority|§ 75-9-319. Rights and title of consignee with respect to creditors and purchasers

 Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.   For purposes of determining the rights of a creditor of a consignee, law other than this article determines the rights and title of a consignee while goods are in the consignee's possession if, under this part, a perfected security interest held by the consignor would have priority over the rights of the creditor.
MS Code § 75-9-320 (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 3 - Priority|§ 75-9-320. Buyer of goods

 Except as otherwise provided in subsection (e), a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.   Except as otherwise provided in subsection (e), a buyer of goods from a person who used or bought the goods for use primarily for personal, family, or household purposes takes free of a security interest, even if perfected, if the buyer buys:    Without knowledge of the security interest;   For value;   Primarily for the buyer's personal, family, or household purposes; and   Before the filing of a financing statement covering the goods.    To the extent that it affects the priority of a security interest over a buyer of goods under subsection (b), the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by Section 75-9-316(a) and (b).   A buyer in ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.   Subsections (a) and (b) do not affect a security interest in goods in the possession of the secured party under Section 75-9-313.   Notwithstanding subsection (a), a secured party may not enforce a security interest in farm products against a buyer, commission merchant or selling agent who purchases or sells farm products in the ordinary course of business from or for a person engaged in farming operations unless the secured party has complied with the regulations issued by the Secretary of state under subsection (g) or unless the buyer, commission merchant or selling agent has received from the secured party or seller written notice of the security interest which complies with the requirements of Section 1324 of the Food Security Act of 1985, as now enacted or as hereafter may be amended.   The Secretary of State shall issue regulations implementing a central filing system relating to farm products which conforms with the requirements of Section 1324 of the Food Security Act of 1985, as now enacted or as hereafter may be amended. The Secretary of State is authorized to set reasonable fees to defray the costs of the central filing system established pursuant to this section. At least thirty (30) days prior to the promulgation of such regulations or any amendments thereto, the Secretary of State shall give notice of such regulations and/or amendments to all licensed attorneys in the State of Mississippi.
MS Code § 75-9-321 (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 3 - Priority|§ 75-9-321. Licensee of general intangible and lessee of goods in ordinary course of business

 In this section, "licensee in ordinary course of business" means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor's own usual or customary practices.   A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.   A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
MS Code § 75-9-323 (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 3 - Priority|§ 75-9-323. Future advances

 Except as otherwise provided in subsection (c), for purposes of determining the priority of a perfected security interest under Section 75-9-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:    Is made while the security interest is perfected only:   Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under Section 75-9-309 or 75-9-312(e), (f), or (g).    Under Section 75-9-309 when it attaches; or   Temporarily under Section 75-9-312(e), (f), or (g); and   Except as otherwise provided in subsection (c), a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than forty-five (45) days after the person becomes a lien creditor unless the advance is made:   Without knowledge of the lien; or   Pursuant to a commitment entered into without knowledge of the lien.   Subsections (a) and (b) do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.   Except as otherwise provided in subsection (e), a buyer of goods other than a buyer in ordinary course of business takes free of a security interest to the extent that it secures advances made after the earlier of:   The time the secured party acquires knowledge of the buyer's purchase; or   Forty-five (45) days after the purchase.   Subsection (d) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer's purchase and before the expiration of the forty-five-day period.   Except as otherwise provided in subsection (g), a lessee of goods, other than a lessee in ordinary course of business, takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:   The time the secured party acquires knowledge of the lease; or   Forty-five (45) days after the lease contract becomes enforceable.   Subsection (f) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the forty-five-day period.
MS Code § 75-9-324A (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 3 - Priority|§ 75-9-324A. Priority of production-money security interests and agricultural liens

 Except as otherwise provided in subsections (c), (d), and (e), if the requirements of subsection (b) are satisfied, a perfected production-money security interest in production-money crops has priority over a conflicting security interest in the same crops and, except as otherwise provided in Section 75-9-327, also has priority in their identifiable proceeds.   A production-money security interest has priority under subsection (a) if:    The production-money security interest is perfected by filing when the production-money secured party first gives new value to enable the debtor to produce the crops;   The production-money secured party sends an authenticated notification to the holder of the conflicting security interest not less than ten (10) or more than thirty (30) days before the production-money secured party first gives new value to enable the debtor to produce the crops if the holder had filed a financing statement covering the crops before the date of the filing made by the production-money secured party; and   The notification states that the production-money secured party has or expects to acquire a production-money security interest in the debtor's crops and provides a description of the crops.    Except as otherwise provided in subsection (d) or (e), if more than one (1) security interest qualifies for priority in the same collateral under subsection (a), the security interests rank according to priority in time of filing under Section 75-9-322(a).   To the extent that a person holding a perfected security interest in production-money crops that are the subject of a production-money security interest gives new value to enable the debtor to produce the production-money crops and the value is in fact used for the production of the production-money crops, the security interests rank according to priority in time of filing under Section 75-9-322(a).   To the extent that a person holds both an agricultural lien and a production-money security interest in the same collateral securing the same obligations, the rules of priority applicable to agricultural liens govern priority.
MS Code § 75-9-325 (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 3 - Priority|§ 75-9-325. Priority of security interests in transferred collateral

 Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:    The debtor acquired the collateral subject to the security interest created by the other person;   The security interest created by the other person was perfected when the debtor acquired the collateral; and   There is no period thereafter when the security interest is unperfected.    Subsection (a) subordinates a security interest only if the security interest:   Otherwise would have priority solely under Section 75-9-322(a) or 75-9-324; or   Arose solely under Section 75-2-711(3) or 75-2A-508(5).
MS Code § 75-9-326 (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 3 - Priority|§ 75-9-326. Priority of security interests created by new debtor

 Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to perfect the security interest but for the application of Section 75-9-316(i)(1) or 75-9-508 is subordinate to a security interest in the same collateral which is perfected other than by such a filed financing statement.   The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in subsection (a). However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.
MS Code § 75-9-327 (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 3 - Priority|§ 75-9-327. Priority of security interests in deposit account

 The following rules govern priority among conflicting security interests in the same deposit account:    A security interest held by a secured party having control of the deposit account under Section 75-9-104 has priority over a conflicting security interest held by a secured party that does not have control.   Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under Section 75-9-314 rank according to priority in time of obtaining control.   Except as otherwise provided in paragraph (4), a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.   A security interest perfected by control under Section 75-9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
MS Code § 75-9-328 (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 3 - Priority|§ 75-9-328. Priority of security interests in investment property

 The following rules govern priority among conflicting security interests in the same investment property:    A security interest held by a secured party having control of investment property under Section 75-9-106 has priority over a security interest held by a secured party that does not have control of the investment property.   Except as otherwise provided in paragraphs (3) and (4), conflicting security interests held by secured parties each of which has control under Section 75-9-106 rank according to priority in time of:   A security interest held by a securities intermediary in a security entitlement or a securities account maintained with the securities intermediary has priority over a conflicting security interest held by another secured party.   A security interest held by a commodity intermediary in a commodity contract or a commodity account maintained with the commodity intermediary has priority over a conflicting security interest held by another secured party.   A security interest in a certificated security in registered form which is perfected by taking delivery under Section 75-9-313(a) and not by control under Section 75-9-314 has priority over a conflicting security interest perfected by a method other than control.   Conflicting security interests created by a broker, securities intermediary, or commodity intermediary which are perfected without control under Section 75-9-106 rank equally.   In all other cases, priority among conflicting security interests in investment property is governed by Sections 75-9-322 and 75-9-323.    If the collateral is a security, obtaining control;   If the collateral is a security entitlement carried in a securities account and:   If the secured party obtained control under Section 75-8-106(d)(1), the secured party's becoming the person for which the securities account is maintained;   If the secured party obtained control under Section 75-8-106(d)(2), the securities intermediary's agreement to comply with the secured party's entitlement orders with respect to security entitlements carried or to be carried in the securities account; or   If the secured party obtained control through another person under Section 75-8-106(d)(3), the time on which priority would be based under this paragraph if the other person were the secured party; or   If the collateral is a commodity contract carried with a commodity intermediary, the satisfaction of the requirement for control specified in Section 75-9-106(b)(2) with respect to commodity contracts carried or to be carried with the commodity intermediary.
MS Code § 75-9-329 (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 3 - Priority|§ 75-9-329. Priority of security interests in letter-of-credit right

 The following rules govern priority among conflicting security interests in the same letter-of-credit right:    A security interest held by a secured party having control of the letter-of-credit right under Section 75-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.   Security interests perfected by control under Section 75-9-314 rank according to priority in time of obtaining control.