Mississippi Code
Miss. Code Ann. § 75-3-606 (2026)
[Repealed]
✓ current as of July 2026
Repealed by Laws, 1992, ch. 420, § 112, eff. 1/1/1993.
Codes, 1942, § 41A:3-606; Laws, 1966, ch. 316, § 3-606.
Notes of Decisions
Cited in 3
cases, 1986–1992 · leading case: Hughes v. Tyler, 485 So. 2d 1026 (Miss. 1986).
Hughes v. Tyler, 485 So. 2d 1026 (Miss. 1986). “I agree with the majority opinion that Miss. Code Ann. § 75-3-606 (1972) controls and points our direction.”
Williams v. Fed. Land Bank, 954 F.2d 774 (D.C. Cir. 1992). “1986), that court declined to read the UCC’s provision on impairment of collateral (Miss.Code Ann. § 75-3-606 (1972)) to create a duty in a mortgagee to look after or care for mortgaged real estate, and in doing so relied on American Bank of Commerce v.”
Great Am. Fed. Sav. & Loan Ass'n v. Am. Fid. Co., 734 F. Supp. 747 (S.D. Miss. 1989). “Miss.Code Ann. § 75-3-606(1)(b) states that “(1) the holder discharges any party to the instrument to the extent that without such party’s consent the holder (b) unjustifiably impairs any collateral for the instrument given____” To operate as a discharge, the unjustifiable…”
— Miss. Code Ann. § 75-3-606(1)(b) — 1 case
Great Am. Fed. Sav. & Loan Ass'n v. Am. Fid. Co., 734 F. Supp. 747 (S.D. Miss. 1989). “Miss.Code Ann. § 75-3-606(1)(b) states that “(1) the holder discharges any party to the instrument to the extent that without such party’s consent the holder (b) unjustifiably impairs any collateral for the instrument given____” To operate as a discharge, the unjustifiable…”
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