{"data":{"id":"us-ms/miss.-code-ann.-75-8-404","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 75-8-404","heading":"Wrongful registration.","body":"(a) Except as otherwise provided in Section 75-8-406, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer of a security to a person not entitled to it, and the transfer was registered:\n(1) Pursuant to an ineffective indorsement or instruction;\n(2) After a demand that the issuer not register transfer became effective under Section 75-8-403(a) and the issuer did not comply with Section 75-8-403(b);\n(3) After the issuer had been served with an injunction, restraining order, or other legal process enjoining it from registering the transfer, issued by a court of competent jurisdiction, and the issuer had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\n(4) By an issuer acting in collusion with the wrongdoer.\n(b) An issuer that is liable for wrongful registration of transfer under subsection (a) on demand shall provide the person entitled to the security with a like certificated or uncertificated security, and any payments or distributions that the person did not receive as a result of the wrongful registration. If an overissue would result, the issuer’s liability to provide the person with a like security is governed by Section 75-8-210.\n(c) Except as otherwise provided in subsection (a) or in a law relating to the collection of taxes, an issuer is not liable to an owner or other person suffering loss as a result of the registration of a transfer of a security if registration was made pursuant to an effective indorsement or instruction.","path":["Title 75. Regulation of Trade, Commerce and Investments","Chapter 8. Uniform Commercial Code—Revised Article 8. Investment Securities","Part 4. Registration."],"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":"b5b48c20163e85573d393ec596c4577cdc671beba9b2c65314338962aeb548bc","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-75-8-403","next":"us-ms/miss.-code-ann.-75-8-405","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."}