Mississippi § 75-9-205 - Use or disposition of collateral permissible.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-9-205 — Use or disposition of collateral permissible., with citation guidance and answers to common questions.
§ 75-9-205. Use or disposition of collateral permissible.
A security interest is not invalid or fraudulent against creditors solely because: The debtor has the right or ability to: The secured party fails to require the debtor to account for proceeds or replace collateral. Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods; Collect, compromise, enforce, or otherwise deal with collateral; Accept the return of collateral or make repossessions; or Use, commingle, or dispose of proceeds; or This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-9-205
What does Mississippi Code of 1972 Annotated § 75-9-205 cover?
Section 75-9-205 ("Use or disposition of collateral permissible.") 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 § 75-9-205?
A common citation format is "Mississippi Code of 1972 Annotated § 75-9-205" (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 § 75-9-205 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.