Miss. Code § 75-9-704

Current through 6/1/2024

Section 75-9-704 - Security interest unperfected before effective date

A security interest that is enforceable immediately before January 1, 2002 but which would be subordinate to the rights of a person that becomes a lien creditor at that time:

(1) Remains an enforceable security interest for one (1) year after January 1, 2002;

(2) Remains enforceable thereafter if the security interest becomes enforceable under Section 75-9-203 on January 1, 2002 or within one (1) year thereafter; and

(3) Becomes perfected:

(A) Without further action, on January 1, 2002 if the applicable requirements for perfection under this act are satisfied before or at that time; or

(B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

Miss. Code § 75-9-704

Laws, 2001, ch. 495, § 1, eff. 1/1/2002.