reglab/housing_qa huggingface dataset:
MS Code § 75-9-404 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 4 - . Rights of Third Parties|§ 75-9-404. Rights acquired by assignee; claims and defenses against assignee

 Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (b) through (e), the rights of an assignee are subject to:    All terms of the agreement between the account debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and   Any other defense or claim of the account debtor against the assignor which accrues before the account debtor receives a notification of the assignment authenticated by the assignor or the assignee.    Subject to subsection (c) and except as otherwise provided in subsection (d), the claim of an account debtor against an assignor may be asserted against an assignee under subsection (a) only to reduce the amount the account debtor owes.   This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.   In a consumer transaction, if a record evidences the account debtor's obligation, law other than this article requires that the record include a statement to the effect that the account debtor's recovery against an assignee with respect to claims and defenses against the assignor may not exceed amounts paid by the account debtor under the record, and the record does not include such a statement, the extent to which a claim of an account debtor against the assignor may be asserted against an assignee is determined as if the record included such a statement.   This section does not apply to an assignment of a health-care-insurance receivable.
MS Code § 75-9-405 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 4 - . Rights of Third Parties|§ 75-9-405. Modification of assigned contract

 A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b) through (d).   Subsection (a) applies to the extent that:    The right to payment or a part thereof under an assigned contract has not been fully earned by performance; or   The right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under Section 75-9-406(a).    This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.   This section does not apply to an assignment of a health-care-insurance receivable.
MS Code § 75-9-407 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 4 - . Rights of Third Parties|§ 75-9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

 Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that it:    Prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor's residual interest in the goods; or   Provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.    Except as otherwise provided in Section 75-2A-303(7), a term described in subsection (a)(2) is effective to the extent that there is:   A transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or   A delegation of a material performance of either party to the lease contract in violation of the term.   The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of Section 75-2A-303(4) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.
MS Code § 75-9-409 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 4 - . Rights of Third Parties|§ 75-9-409. Restrictions on assignment of letter-of-credit rights ineffective

 A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice:    Would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or   Provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.   Does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.    To the extent that a term in a letter of credit is ineffective under subsection (a) but would be effective under law other than this article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:   Is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;   Imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and
MS Code § 75-9-701 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-701. Definitions

  References in Part 7 to "this act" refer to the legislative enactment by which this part is added to Article 9 of the Uniform Commercial Code.   References in this part to "former Article 9" are to Article 9 found in Chapter 9 of Title 75 as in effect on December 31, 2001.
MS Code § 75-9-702 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-702. Savings clause

 Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before January 1, 2002.   Except as otherwise provided in subsection (c) and Sections 75-9-703 through 75-9-709:    Transactions and liens that were not governed by former Article 9, were validly entered into or created before January 1, 2002, and would be subject to this act if they had been entered into or created after this act takes effect, and the rights, duties, and interests flowing from those transactions and liens remain valid after January 1, 2002; and   The transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that otherwise would apply if this act had not taken effect.    This act does not affect an action, case, or proceeding commenced before January 1, 2002.
MS Code § 75-9-703 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-703. Security interest perfected before effective date

 A security interest that is enforceable immediately before January 1, 2002 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, on January 1, 2002, the applicable requirements for enforceability and perfection under this act are satisfied without further action.   Except as otherwise provided in Section 75-9-705, if, immediately January 1, 2002, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this act are not satisfied on January 1, 2002, the security interest:    Is a perfected security interest for one (1) year after January 1, 2002;   Remains enforceable thereafter only if the security interest becomes enforceable under Section 75-9-203 before the year expires; and   Remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires.
MS Code § 75-9-704 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-704. Security interest unperfected before effective date

 A security interest that is enforceable immediately before January 1, 2002 but which would be subordinate to the rights of a person that becomes a lien creditor at that time:    Remains an enforceable security interest for one (1) year after January 1, 2002;   Remains enforceable thereafter if the security interest becomes enforceable under Section 75-9-203 on January 1, 2002 or within one (1) year thereafter; and   Becomes perfected:    Without further action, on January 1, 2002 if the applicable requirements for perfection under this act are satisfied before or at that time; or   When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
MS Code § 75-9-705 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-705. Effectiveness of action taken before effective date

 If action, other than the filing of a financing statement, is taken before January 1, 2002 and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become enforceable before January 1, 2002, the action is effective to perfect a security interest that attaches under this act within one (1) year after January 1, 2002. An attached security interest becomes unperfected one (1) year after January 1, 2002 unless the security interest becomes a perfected security interest under this act before the expiration of that period.   The filing of a financing statement before this act takes effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this act.   This act does not render ineffective an effective financing statement that, before January 1, 2002, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former Section 75-9-103. However, except as otherwise provided in subsections (d) and (e) and Section 75-9-706, the financing statement ceases to be effective at the earlier of:    The time the financing statement would have ceased to be effective under the law of the jurisdiction in which it is filed; or   December 31, 2006.  Provided, however, a financing statement filed before January 1, 2002, covering a manufactured home, other than a manufactured home constituting inventory, remains effective, if it so states, until a termination statement is filed.     The filing of a continuation statement after January 1, 2002 does not continue the effectiveness of the financing statement filed before January 1, 2002. However, upon the timely filing of a continuation statement after January 1, 2002 and in accordance with the law of the jurisdiction governing perfection as provided in Part 3, the effectiveness of a financing statement filed in the same office in that jurisdiction before January 1, 2002 continues for the period provided by the law of that jurisdiction.   Subsection (c)(2) applies to a financing statement that, before January 1, 2002, is filed against a transmitting utility and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former Section 75-9-103 only to the extent that Part 3 provides that the law of a jurisdiction other than the jurisdiction in which the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.   A financing statement that includes a financing statement filed before January 1, 2002 and a continuation statement filed after January 1, 2002 is effective only to the extent that it satisfies the requirements of Part 5 for an initial financing statement.
MS Code § 75-9-706 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-706. When initial financing statement suffices to continue effectiveness of financing statement

 The filing of an initial financing statement in the office specified in Section 75-9-501 continues the effectiveness of a financing statement filed before January 1, 2002 if:    The filing of an initial financing statement in that office would be effective to perfect a security interest under this act;   The pre-effective-date financing statement was filed in an office in another state or another office in this state; and   The initial financing statement satisfies subsection (c).    The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:   If the initial financing statement is filed before January 1, 2002, for the period provided in former Section 75-9-403 with respect to a financing statement; and   If the initial financing statement is filed after January 1, 2002, for the period provided in Section 75-9-515 with respect to an initial financing statement.   To be effective for purposes of subsection (a), an initial financing statement must:   Satisfy the requirements of Part 5 for an initial financing statement;   Identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and   Indicate that the pre-effective-date financing statement remains effective.
MS Code § 75-9-707 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-707. Amendment of pre-effective-date financing statement

 In this section, "pre-effective-date financing statement" means a financing statement filed before January 1, 2002.   After January 1, 2002, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Part 3. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.   Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after January 1, 2002 only if:    The pre-effective-date financing statement and an amendment are filed in the office specified in Section 75-9-501;   An amendment is filed in the office specified in Section 75-9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies Section 75-9-706(c); or   An initial financing statement that provides the information as amended and satisfies Section 75-9-706(c) is filed in the office specified in Section 75-9-501.    If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under Section 75-9-705(d) and (f) or 75-9-706.   Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after January 1, 2002 by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies Section 75-9-706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Part 3 as the office in which to file a financing statement.
MS Code § 75-9-708 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-708. Persons entitled to file initial financing statement or continuation statement

 A person may file an initial financing statement or a continuation statement under this part if:    The secured party of record authorizes the filing; and   The filing is necessary under this part:    To continue the effectiveness of a financing statement filed before January 1, 2002; or   To perfect or continue the perfection of a security interest.
MS Code § 75-9-709 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 7 - . Transition|§ 75-9-709. Priority

 This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before January 1, 2002, former Article 9 determines priority.   For purposes of Section 75-9-322(a), the priority of a security interest that becomes enforceable under Section 75-9-203 of this act dates from January 1, 2002 if the security interest is perfected under this act by the filing of a financing statement before January 1, 2002 which would not have been effective to perfect the security interest under former Article 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
MS Code § 75-9-801 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 8 - . Transition Provisions for 2013 Amendments|§ 75-9-801. Effective date

 Chapter 451, Laws of 2013, takes effect on July 1, 2013.
MS Code § 75-9-802 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 8 - . Transition Provisions for 2013 Amendments|§ 75-9-802. Savings clause

 Except as otherwise provided in this part, Chapter 451, Laws of 2013, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013.   Chapter 451, Laws of 2013, does not affect an action, case, or proceeding commenced before July 1, 2013.
MS Code § 75-9-803 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 8 - . Transition Provisions for 2013 Amendments|§ 75-9-803. Security interest perfected before July 1, 2013

 A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under Article 9 as amended by Chapter 451, Laws of 2013, if, on July 1, 2013, the applicable requirements for attachment and perfection under Article 9 as amended by Chapter 451, Laws of 2013, are satisfied without further action.   Except as otherwise provided in Section 75-9-805, if, immediately before July 1, 2013, a security interest is a perfected security interest, but the applicable requirements for perfection under Article 9 as amended by Chapter 451, Laws of 2013, are not satisfied on July 1, 2013, the security interest remains perfected thereafter only if the applicable requirements for perfection under Article 9 as amended by Chapter 451, Laws of 2013, are satisfied within one (1) year after July 1, 2013.
MS Code § 75-9-804 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 8 - . Transition Provisions for 2013 Amendments|§ 75-9-804. Security interest unperfected before July 1, 2013

 A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest:    Without further action, on July 1, 2013, if the applicable requirements for perfection under Article 9 as amended by Chapter 451, Laws of 2013, are satisfied before or at that time; or   When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
MS Code § 75-9-806 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 8 - . Transition Provisions for 2013 Amendments|§ 75-9-806. When initial financing statement suffices to continue effectiveness of financing statement

 The filing of an initial financing statement in the office specified in Section 75-9-501 continues the effectiveness of a financing statement filed before July 1, 2013, if:    The filing of an initial financing statement in that office would be effective to perfect a security interest under Article 9 as amended by Chapter 451, Laws of 2013;   The pre-effective-date financing statement was filed in an office in another state; and   The initial financing statement satisfies subsection (c).    The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:   If the initial financing statement is filed before July 1, 2013, for the period provided in unamended Section 75-9-515 with respect to an initial financing statement; and   If the initial financing statement is filed after July 1, 2013, for the period provided in Section 75-9-515 as amended by Chapter 451, Laws of 2013, with respect to an initial financing statement.   To be effective for purposes of subsection (a), an initial financing statement must:   Satisfy the requirements of Part 5 as amended by Chapter 451, Laws of 2013, for an initial financing statement;   Identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and   Indicate that the pre-effective-date financing statement remains effective.