GroundRules
Miss. Code Ann. § 75-9-329: Priority of security interests in letter-of-credit right.
Where this section sits in the code
- Title 75. Regulation of Trade, Commerce and Investments
- Chapter 9. Uniform Commercial Code—Secured Transactions
- Part 3. Perfection and Priority.
- Subpart 3. Priority.
The following rules govern priority among conflicting security interests in the same letter-of-credit right:
(1) A security interest held by a secured party having control of the letter-of-credit right under Section 75-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.
(2) Security interests perfected by control under Section 75-9-314 rank according to priority in time of obtaining control.
Collected 2026-10-27T05:54:13Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source