Mississippi § 75-9-703 - Security interest perfected before effective date.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-9-703 — Security interest perfected before effective date., with citation guidance and answers to common questions.
§ 75-9-703. Security interest perfected before effective date.
A security interest that is enforceable immediately before January 1, 2002 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, on January 1, 2002, the applicable requirements for enforceability and perfection under this act are satisfied without further action. Except as otherwise provided in Section 75-9-705, if, immediately January 1, 2002, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this act are not satisfied on January 1, 2002, the security interest: Is a perfected security interest for one (1) year after January 1, 2002; Remains enforceable thereafter only if the security interest becomes enforceable under Section 75-9-203 before the year expires; and Remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires.
Frequently Asked Questions About Mississippi § 75-9-703
What does Mississippi Code of 1972 Annotated § 75-9-703 cover?
Section 75-9-703 ("Security interest perfected before effective date.") 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 § 75-9-703?
A common citation format is "Mississippi Code of 1972 Annotated § 75-9-703" (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 § 75-9-703 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.