{"data":{"id":"us-ms/miss.-code-ann.-75-8-102","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 75-8-102","heading":"Definitions.","body":"(a) In this chapter:\n(1) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the financial asset.\n(2) “Bearer form,” as applied to a certificated security, means a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an indorsement.\n(3) “Broker” means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity.\n(4) “Certificated security” means a security that is represented by a certificate.\n(5) “Clearing corporation” means:\n(i) A person that is registered as a “clearing agency” under the federal securities laws;\n(ii) A federal reserve bank; or\n(iii) Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority.\n(6) “Communicate” means to:\n(i) Send a signed writing; or\n(ii) Transmit information by any mechanism agreed upon by the persons transmitting and receiving the information.\n(7) “Entitlement holder” means a person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary. If a person acquires a security entitlement by virtue of Section 75-8-501(b)(2) or (3), that person is the entitlement holder.\n(8) “Entitlement order” means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement.\n(9) “Financial asset,” except as otherwise provided in Section 75-8-103, means:\n(i) A security;\n(ii) An obligation of a person or a share, participation, or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is recognized in any area in which it is issued or dealt in as a medium for investment; or\n(iii) Any property that is held by a securities intermediary for another person in a securities account if the securities intermediary has expressly agreed with the other person that the property is to be treated as a financial asset under this chapter. As context requires, the term means either the interest itself or the means by which a person’s claim to it is evidenced, including a certificated or uncertificated security, a security certificate, or a security entitlement.\n(10) [Reserved]\n(11) “Indorsement” means a signature that alone or accompanied by other words is made on a security certificate in registered form or on a separate document for the purpose of assigning, transferring, or redeeming the security or granting a power to assign, transfer, or redeem it.\n(12) “Instruction” means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed.\n(13) “Registered form,” as applied to a certificated security, means a form in which:\n(i) The security certificate specifies a person entitled to the security; and\n(ii) A transfer of the security may be registered upon books maintained for that purpose by or on behalf of the issuer, or the security certificate so states.\n(14) “Securities intermediary” means:\n(i) A clearing corporation; or\n(ii) A person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity.\n(15) “Security,” except as otherwise provided in Section 75-8-103, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer:\n(i) Which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;\n(ii) Which is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and\n(iii) Which:\n(A) Is, or is of a type, dealt in or traded on securities exchanges or securities markets; or\n(B) Is a medium for investment and by its terms expressly provides that it is a security governed by this chapter.\n(16) “Security certificate” means a certificate representing a security.\n(17) “Security entitlement” means the rights and property interest of an entitlement holder with respect to a financial asset specified in Part 5 of this chapter.\n(18) “Uncertificated security” means a security that is not represented by a certificate.\n(b) Other definitions applying to this chapter and the sections in which they appear are:\nAppropriate person Section 75-8-107\nControl Section 75-8-106\nDelivery Section 75-8-301\nInvestment company security Section 75-8-103\nIssuer Section 75-8-201\nOverissue Section 75-8-210\nProtected purchaser Section 75-8-303\nSecurities account Section 75-8-501\n(c) In addition, Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.\n(d) The characterization of a person, business, or transaction for purposes of this chapter does not determine the characterization of the person, business, or transaction for purposes of any other law, regulation, or rule.","path":["Title 75. Regulation of Trade, Commerce and Investments","Chapter 8. Uniform Commercial Code—Revised Article 8. Investment Securities","Part 1. Short Title and General Matters."],"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":"01515703443d0f4f1ef321716de0acb13accf9768e304421e0c5d08d2a7229ed","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-75-8-101","next":"us-ms/miss.-code-ann.-75-8-103","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."}