{"data":{"id":"us-ms/miss.-code-ann.-75-7-502","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 75-7-502","heading":"Rights acquired by due negotiation.","body":"(a) Subject to Sections 75-7-205 and 75-7-503, a holder to which a negotiable document of title has been duly negotiated acquires thereby:\n(1) Title to the document;\n(2) Title to the goods;\n(3) All rights accruing under the law of agency or estoppel, including rights to goods delivered to the bailee after the document was issued; and\n(4) The direct obligation of the issuer to hold or deliver the goods according to the terms of the document free of any defense or claim by the issuer except those arising under the terms of the document or under this chapter. In the case of a delivery order, the bailee’s obligation accrues only upon the bailee’s acceptance of the delivery order and the obligation acquired by the holder is that the issuer and any indorser will procure the acceptance of the bailee.\n(b) Subject to Section 75-7-503, title and rights acquired by due negotiation are not defeated by any stoppage of the goods represented by the document of title or by surrender of the goods by the bailee and are not impaired even if:\n(1) The due negotiation or any prior negotiation constituted a breach of duty;\n(2) Any person has been deprived of possession of a negotiable tangible document or control of a negotiable electronic document by misrepresentation, fraud, accident, mistake, duress, loss, theft, or conversion; or\n(3) A previous sale or other transfer of the goods or document has been made to a third person.","path":["Title 75. Regulation of Trade, Commerce and Investments","Chapter 7. Uniform Commercial Code—Documents of Title","Part 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.75.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:13Z","sha256":"8ce5be183abbfd4ce7ec19259013d1da98ebb959ff2762baf99fc3e15c22b283","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-75-7-501","next":"us-ms/miss.-code-ann.-75-7-503","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"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.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"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.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}