Mississippi § 49-17-42 - Consideration as “owner”; exemption from liability.
Full text of Mississippi Mississippi Code of 1972 Annotated § 49-17-42 — Consideration as “owner”; exemption from liability., with citation guidance and answers to common questions.
§ 49-17-42. Consideration as “owner”; exemption from liability.
Any lender or holder who maintains indicia of ownership primarily to protect an interest in a property, facility, or other person, and who does not participate in the management of the property, facility, or other person, shall not be considered an owner or operator of that property, facility, or other person, nor liable under any pollution control or other environmental protection law, or any rule or regulation or written order of the commission in pursuance thereof, for the prevention, clean-up, removal, remediation or abatement of any pollution, hazardous waste or solid waste placed, released or dumped on, in, about or near the property, facility or other person or caused by any operator on or of the property, facility or other person. This section shall apply to actions commenced by the commission or by third parties. In implementing this section, the commission shall adopt regulations equivalent to those proposed by the United States Environmental Protection Agency for this purpose. This section shall apply to all interests existing at the time of passage of this chapter and thereafter created, whether secured or unsecured.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 49-17-42
What does Mississippi Code of 1972 Annotated § 49-17-42 cover?
Section 49-17-42 ("Consideration as “owner”; exemption from liability.") 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 § 49-17-42?
A common citation format is "Mississippi Code of 1972 Annotated § 49-17-42" (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 § 49-17-42 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.