Bill Text | History of Actions | Background | Title |
Description: Secured transactions; revise UCC Article 9 (NCCUSL).
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Judiciary A | |
| 2 | 01/30 (H) Title Suff Do Pass | |
| 3 | 02/05 (H) Passed | |
| 4 | 02/06 (H) Motion to Reconsider Entered | |
| 5 | 02/12 (H) Died On Calendar |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Watson
Code Sections: RP 075-0009-0101, RP 075-0009-0102, RP 075-0009-0103, RP 075-0009-0104, RP 075-0009-0105, RP 075-0009-0106, RP 075-0009-0107, RP 075-0009-0108, RP 075-0009-0109, RP 075-0009-0110, RP 075-0009-0111, RP 075-0009-0112, RP 075-0009-0113, RP 075-0009-0114, RP 075-0009-0115, RP 075-0009-0116, RP 075-0009-0201, RP 075-0009-0202, RP 075-0009-0203, RP 075-0009-0204, RP 075-0009-0205, RP 075-0009-0206, RP 075-0009-0207, RP 075-0009-0208, RP 075-0009-0301, RP 075-0009-0302, RP 075-0009-0303, RP 075-0009-0304, RP 075-0009-0305, RP 075-0009-0306, RP 075-0009-0307, RP 075-0009-0308, RP 075-0009-0309, RP 075-0009-0310, RP 075-0009-0311, RP 075-0009-0312, RP 075-0009-0313, RP 075-0009-0314, RP 075-0009-0315, RP 075-0009-0316, RP 075-0009-0317, RP 075-0009-0318, RP 075-0009-0319, RP 075-0009-0401, RP 075-0009-0402, RP 075-0009-0403, RP 075-0009-0404, RP 075-0009-0405, RP 075-0009-0406, RP 075-0009-0407, RP 075-0009-0408, RP 075-0009-0409, RP 075-0009-0410, RP 075-0009-0501, RP 075-0009-0502, RP 075-0009-0503, RP 075-0009-0504, RP 075-0009-0505, RP 075-0009-0506, RP 075-0009-0507, A 075-0001-0105, A 075-0001-0201, A 075-0002-0103, A 075-0002-0210, A 075-0002-0326, A 075-0002-0502, A 075-0002-0716, A 075-002A-0103, A 075-002A-0303, A 075-002A-0307, A 075-002A-0309, A 075-0004-0210, A 075-0007-0503, A 075-0008-0103, A 075-0008-0106, A 075-0008-0110, A 075-0008-0301, A 075-0008-0302, A 075-0008-0510, A 071-0003-0043, A 041-0029-0177, A 049-0007-0251, A 067-0001-0093, A 097-0017-0004, A 097-0043-0011, A 053-0003-0041, A 075-0011-0106, A 085-0007-0001, A 085-0008-0009, A 089-0007-0051, A 089-0007-0053, A 099-0041-0023, A 025-0007-0009
Title: AN ACT TO ENACT REVISED ARTICLE 9 - SECURED TRANSACTIONS OF THE UNIFORM COMMERCIAL CODE; TO CREATE A NATIONWIDE FILING SYSTEM BASED ON THE DEBTOR'S LOCATION OR RESIDENCE RATHER THAN THE LOCATION OF COLLATERAL; TO CODIFY A BROADER DEFINITION OF "PURCHASE MONEY SECURITY INTEREST"; TO REVISE RULES FOR PERFECTION OF A SECURITY INTEREST; TO REVISE CHOICE OF LAW PROVISIONS; TO PROVIDE FOR EXCLUSIVE CENTRALIZED FILING OF FINANCING STATEMENTS AND OTHER SECURITY INTEREST DOCUMENTS; TO PROVIDE SPECIAL RULES FOR CERTAIN TRANSACTIONS IN WHICH THE DEBTOR IS A CONSUMER; TO REVISE PROVISIONS ON DEFAULT AND ENFORCEMENT OF SECURED INTERESTS; TO ENACT A DEFINITION OF "FORMER ARTICLE 9"; TO MAKE TRANSITION PROVISIONS; TO REPEAL SECTIONS 75-9-101 THROUGH 75-9-507, MISSISSIPPI CODE OF 1972, WHICH CONSTITUTE UNIFORM COMMERCIAL CODE ARTICLE 9 - SECURED TRANSACTIONS; TO CODIFY SECTION 75-5-118, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR SECURITY INTEREST OF ISSUER OR NOMINATED PERSON; TO AMEND SECTIONS 75-1-105, 75-1-201, 75-2-103, 75-2-210, 75-2-326, 75-2-502, 75-2-716, 75-2A-103, 75-2A-303, 75-2A-307, 75-2A-309, 75-4-210, 75-7-503, 75-8-103, 75-8-106, 75-8-110, 75-8-301, 75-8-302, 75-8-510, 71-3-43, 41-29-177, 49-7-251, 67-1-93, 97-17-4, 97-43-11, 53-3-41, 75-11-106, 85-7-1, 85-8-9, 89-7-51, 89-7-53, 99-41-23 AND 25-7-9, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO CREATE A NEW CODE SECTION TO REQUIRE THE SECRETARY OF STATE TO PAY A CERTAIN PORTION OF THE FEES COLLECTED UNDER THE REVISED ARTICLE 9 TO CHANCERY CLERKS FOR A LIMITED TIME; TO AFFIRMATIVELY STATE THAT THE PURPOSE OF SUCH PAYMENTS IS TO PROVIDE NOTICE THAT SUCH FILING FEES WILL NO LONGER BE COLLECTED BY THE CHANCERY CLERKS, AS THE EXCLUSIVE FILING OF THE RECORDS ASSOCIATED WITH THE FEES SHALL BE IN THE OFFICE OF THE SECRETARY OF STATE, AND TO PROVIDE COMPENSATION TO CHANCERY CLERKS FOR MAINTAINING CERTAIN RECORDS UNDER THE REPEALED FORMER VERSION OF ARTICLE 9; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB1311.htm