reglab/housing_qa huggingface dataset:
MS Code § 75-9-330 (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|§ 75-9-330. Priority of purchaser of chattel paper or instrument

 A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if:    In good faith and in the ordinary course of the purchaser's business, the purchaser gives new value and takes possession of the chattel paper or obtains control of the chattel paper under Section 75-9-105; and   The chattel paper does not indicate that it has been assigned to an identified assignee other than the purchaser.    A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed other than merely as proceeds of inventory subject to a security interest if the purchaser gives new value and takes possession of the chattel paper or obtains control of the chattel paper under Section 75-9-105 in good faith, in the ordinary course of the purchaser's business, and without knowledge that the purchase violates the rights of the secured party.   Except as otherwise provided in Section 75-9-327, a purchaser having priority in chattel paper under subsection (a) or (b) also has priority in proceeds of the chattel paper to the extent that:   Section 75-9-322 provides for priority in the proceeds; or   The proceeds consist of the specific goods covered by the chattel paper or cash proceeds of the specific goods, even if the purchaser's security interest in the proceeds is unperfected.   Except as otherwise provided in Section 75-9-331(a), a purchaser of an instrument has priority over a security interest in the instrument perfected by a method other than possession if the purchaser gives value and takes possession of the instrument in good faith and without knowledge that the purchase violates the rights of the secured party.   For purposes of subsections (a) and (b), the holder of a purchase-money security interest in inventory gives new value for chattel paper constituting proceeds of the inventory.   For purposes of subsections (b) and (d), if chattel paper or an instrument indicates that it has been assigned to an identified secured party other than the purchaser, a purchaser of the chattel paper or instrument has knowledge that the purchase violates the rights of the secured party.
MS Code § 75-9-331 (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|§ 75-9-331. Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under Article 8

 This article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Articles 3, 7 and 8.   This article does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Article 8.   Filing under this article does not constitute notice of a claim or defense to the holders, or purchasers, or persons described in subsections (a) and (b).
MS Code § 75-9-332 (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|§ 75-9-332. Transfer of money; transfer of funds from deposit account

 A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party.   A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account unless the transferee acts in collusion with the debtor in violating the rights of the secured party.
MS Code § 75-9-333 (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|§ 75-9-333. Priority of certain liens arising by operation of law

 In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien:    Which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person's business;   Which is created by statute or rule of law in favor of the person; and   Whose effectiveness depends on the person's possession of the goods.    A possessory lien on goods has priority over a security interest in the goods unless the lien is created by a statute that expressly provides otherwise.
MS Code § 75-9-335 (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|§ 75-9-335. Accessions

 A security interest may be created in an accession and continues in collateral that becomes an accession.   If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral.   Except as otherwise provided in subsection (d), the other provisions of this part determine the priority of a security interest in an accession.   A security interest in an accession is subordinate to a security interest in the whole which is perfected by compliance with the requirements of a certificate-of-title statute under Section 75-9-311(b).   After default, subject to Part 6, a secured party may remove an accession from other goods if the security interest in the accession has priority over the claims of every person having an interest in the whole.   A secured party that removes an accession from other goods under subsection (e) shall promptly reimburse any holder of a security interest or other lien on, or owner of, the whole or of the other goods, other than the debtor, for the cost of repair of any physical injury to the whole or the other goods. The secured party need not reimburse the holder or owner for any diminution in value of the whole or the other goods caused by the absence of the accession removed or by any necessity for replacing it. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.
MS Code § 75-9-336 (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|§ 75-9-336. Commingled goods

 In this section, "commingled goods" means goods that are physically united with other goods in such a manner that their identity is lost in a product or mass.   A security interest does not exist in commingled goods as such. However, a security interest may attach to a product or mass that results when goods become commingled goods.   If collateral becomes commingled goods, a security interest attaches to the product or mass.   If a security interest in collateral is perfected before the collateral becomes commingled goods, the security interest that attaches to the product or mass under subsection (c) is perfected.   Except as otherwise provided in subsection (f), the other provisions of this part determine the priority of a security interest that attaches to the product or mass under subsection (c).   If more than one (1) security interest attaches to the product or mass under subsection (c), the following rules determine priority:    A security interest that is perfected under subsection (d) has priority over a security interest that is unperfected at the time the collateral becomes commingled goods.   If more than one (1) security interest is perfected under subsection (d), the security interests rank equally in proportion to the value of the collateral at the time it became commingled goods.
MS Code § 75-9-337 (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|§ 75-9-337. Priority of security interests in goods covered by certificate of title

 If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:    A buyer of the goods, other than a person in the business of selling goods of that kind, takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest; and   The security interest is subordinate to a conflicting security interest in the goods that attaches, and is perfected under Section 75-9-311(b), after issuance of the certificate and without the conflicting secured party's knowledge of the security interest.
MS Code § 75-9-338 (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|§ 75-9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

 If a security interest or agricultural lien is perfected by a filed financing statement providing information described in Section 75-9-516(b)(5) which is incorrect at the time the financing statement is filed:    The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and   A purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments, or a security certificate, receives delivery of the collateral.
MS Code § 75-9-339 (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|§ 75-9-339. Priority subject to subordination

 This article does not preclude subordination by agreement by a person entitled to priority.
MS Code § 75-9-340 (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 4 - Rights of Bank|§ 75-9-340. Effectiveness of right of recoupment or set-off against deposit account

 Except as otherwise provided in subsection (c), a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.   Except as otherwise provided in subsection (c), the application of this article to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.   The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under Section 75-9-104(a)(3), if the set-off is based on a claim against the debtor.
MS Code § 75-9-341 (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 4 - Rights of Bank|§ 75-9-341. Bank's rights and duties with respect to deposit account

 Except as otherwise provided in Section 75-9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:    The creation, attachment, or perfection of a security interest in the deposit account;   The bank's knowledge of the security interest; or   The bank's receipt of instructions from the secured party.
MS Code § 75-9-342 (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 4 - Rights of Bank|§ 75-9-342. Bank's right to refuse to enter into or disclose existence of control agreement

 This article does not require a bank to enter into an agreement of the kind described in Section 75-9-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.
MS Code § 75-9-501 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-501. Filing office

 Except as otherwise provided in subsection (b), if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:    The office designated for the filing or recording of a record of a mortgage on the related real property, if:   The Office of the Secretary of State in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.    The collateral is as-extracted collateral or timber to be cut; or   The financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or   The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the Office of the Secretary of State. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.
MS Code § 75-9-502 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement

 Subject to subsection (b), a financing statement is sufficient only if it:    Provides the name of the debtor;   Provides the name of the secured party or a representative of the secured party; and   Indicates the collateral covered by the financing statement.   If the debtor does not have an interest of record in the real property, provide the name of a record owner.    Except as otherwise provided in Section 75-9-501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) and also:   Indicate that it covers this type of collateral;   Indicate that it is to be filed for record in the real property records;   Provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and   A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:   The record indicates the goods or accounts that it covers;   The goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;   The record satisfies the requirements for a financing statement in this section, but:   The record need not indicate that it is to be filed in the real property records; and   The record sufficiently provides the name of the debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom Section 75-9-503(a)(4) applies; and   The record is duly recorded.   A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
MS Code § 75-9-504 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-504. Indication of collateral

 A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:    A description of the collateral pursuant to Section 75-9-108; or   An indication that the financing statement covers all assets or all personal property.
MS Code § 75-9-505 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

 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.
MS Code § 75-9-506 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-506. Effect of errors or omissions

 A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.   Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with Section 75-9-503(a) is seriously misleading.   If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with Section 75-9-503(a), the name provided does not make the financing statement seriously misleading.   For purposes of Section 75-9-508(b), the "debtor's correct name" in subsection (c) means the correct name of the new debtor.
MS Code § 75-9-507 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-507. Effect of certain events on effectiveness of financing statement

 A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.   Except as otherwise provided in subsection (c) and Section 75-9-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under Section 75-9-506.   If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under Section 75-9-503(a) so that the financing statement becomes seriously misleading under Section 75-9-506:    The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four (4) months after, the filed financing statement becomes seriously misleading; and   The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four (4) months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four (4) months after the financing statement becomes seriously misleading.
MS Code § 75-9-508 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 9 - Uniform Commercial Code-Secured Transactions|Part 5 - . Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 75-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement

 Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.   If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be seriously misleading under Section 75-9-506:    The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four (4) months after, the new debtor becomes bound under Section 75-9-203(d); and   The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four (4) months after the new debtor becomes bound under Section 75-9-203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.    This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under Section 75-9-507(a).