Mississippi § 75-76-175 - Acceptance of credit instruments by licenses.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-76-175 — Acceptance of credit instruments by licenses., with citation guidance and answers to common questions.
§ 75-76-175. Acceptance of credit instruments by licenses.
A credit instrument accepted on or after June 29, 1991, is valid and may be enforced by legal process. A licensee or a person acting on the licensee’s behalf may accept an incomplete credit instrument which: Is signed by a patron; and States the amount of the debt in figures. and may complete the instrument as is necessary for the instrument to be presented for payment. A licensee or person acting on behalf of a licensee: May accept a credit instrument that is dated later than the date of its execution if that later date is furnished at the time of the execution of the credit instrument by the patron. May not accept a credit instrument which is incomplete, except as authorized by subsection (2) of this section. May accept a credit instrument that is payable to an affiliated company or may complete a credit instrument in the name of an affiliated company as payee if the credit instrument otherwise complies with this subsection and the records of the affiliated company pertaining to the credit instrument are made available to the executive director upon request. This section does not prohibit the establishment of an account by a deposit of cash, recognized traveler’s check, or any other instruments which is equivalent to cash. Any person who violates the provisions of this section is subject only to the penalties provided in Sections 75-76-103 through 75-76-119, inclusive. The commission may adopt regulations prescribing the conditions under which a credit instrument may be redeemed or presented to a bank for collection or payment.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-76-175
What does Mississippi Code of 1972 Annotated § 75-76-175 cover?
Section 75-76-175 ("Acceptance of credit instruments by licenses.") 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 § 75-76-175?
A common citation format is "Mississippi Code of 1972 Annotated § 75-76-175" (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 § 75-76-175 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.