Pledge made by corporation; recording of resolution or other instrument [Repealed effective October 1, 2022].

Miss. Code Ann. § 57-10-423
repealed
Sign in to generate a plain English summaryAsk Belisarius Agent
Any pledge made by the corporation shall be valid and binding from the time when the pledge was made. The revenues or properties so pledged and thereafter received by the corporation shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the corporation, irrespective of whether the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.