There is a newer version of the Mississippi Code
2015 Mississippi Code
Title 85 - DEBTOR-CREDITOR RELATIONSHIP
Chapter 7 - LIENS
Article 21 - SPECIAL LIENS ON REAL ESTATE OR OTHER PROPERTY
§ 85-7-431 - Payment bond as substitution for subcontractor or materialmen liens
MS Code § 85-7-431 (2015) What's This?
Where a contractor gives a payment bond providing payment protection to subcontractors and material suppliers to the full extent provided by the Mississippi Little Miller Act found at Section 31-5-51, the payment bond shall be in substitution for the liens provided for a subcontractor or materialman in this article. The contractor's right to a lien is not affected by the provision of a bond.
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