Mississippi Code 1972 (2023) › Title 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS (§§ 75-1-101 — 75-NEW-NEW-007) › Chapter 9 - UNIFORM COMMERCIAL CODE-SECURED TRANSACTIONS (§§ 75-9-101 — 75-9-809) › Part 3 - PERFECTION AND PRIORITY (§§ 75-9-301 — 75-9-342) › Subpart 2 - PERFECTION (§§ 75-9-308 — 75-9-316) › Section 75-9-311 - Perfection of security interests in property subject to certain statutes, regulations, and treaties

(a)
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:
(1)
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)
;
(2)
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
(3)
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.
(b)
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.
(c)
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.
(d)
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.
Former 1972 Code §
75-9-311
[Codes, 1942, § 41A:9-311; Laws, 1966, ch. 316, § 9-311, eff. 3/31/1968] is now found in comparable provisions enacted at §
75-9-401
by Laws, 2001, ch. 495, § 1. Present §
75-9-311
was derived from former 1972 Code §
75-9-302
[Codes, 1942, § 41A:9-302; Laws, 1966, ch. 316, § 9-302; Laws, 1977, ch. 452, § 15; Laws, 1986, ch. 401, § 1; Laws, 1990, ch. 384, § 50; Laws, 1996, ch. 468, § 62, eff. 7/1/1996] and was enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.
Amended by Laws, 2013, ch. 451, SB 2609, 6, eff. 7/1/2013.