Mississippi § 15-1-23 - Limitations applicable to suits or actions on installment notes following foreclosure or sale of property pledged as security therefor.
Full text of Mississippi Mississippi Code of 1972 Annotated § 15-1-23 — Limitations applicable to suits or actions on installment notes following foreclosure or sale of property pledged as security therefor., with citation guidance and answers to common questions.
§ 15-1-23. Limitations applicable to suits or actions on installment notes following foreclosure or sale of property pledged as security therefor.
In all cases, no suit or action shall hereafter be commenced or brought upon any installment note, or series of notes of three or more, whether due or not, where said note or notes are secured by mortgage, deed of trust, or otherwise, upon any property, real or personal, unless the same is commenced or brought within one year from the date of the foreclosure or sale of the property pledged as security for said note or notes.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 15-1-23
What does Mississippi Code of 1972 Annotated § 15-1-23 cover?
Section 15-1-23 ("Limitations applicable to suits or actions on installment notes following foreclosure or sale of property pledged as security therefor.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 15-1-23?
A common citation format is "Mississippi Code of 1972 Annotated § 15-1-23" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 15-1-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.