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Mississippi Code 1972 (2024)
Title 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS (§§ 75-1-101 — 75-99-7)
Chapter 67 - LOANS (§§ 75-67-1 — 75-67-639)
Article 7 - MISSISSIPPI PAWNSHOP ACT (§§ 75-67-301 — 75-67-343)
Section 75-67-311 - Redemption of pledged goods; failure to redeem
Universal Citation:
MS Code § 75-67-311 (2024)
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A pledgor shall have no obligation to redeem pledged goods or make any payment on a pawn transaction. Pledged goods not redeemed within thirty (30) days following the originally fixed maturity date shall automatically be forfeited to the pawnbroker by operation of this section, and absolute right, title and interest in and to such goods shall automatically vest to the pawnbroker.
Laws, 1993, ch. 598, § 6, eff. 7/1/1993.
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