89-5-17 - Assignments of indebtedness to be marked on record.
§ 89-5-17. Assignments of indebtedness to be marked on record.
Except as provided in Section 89-5-37, all assignments in whole or in part of any indebtedness secured by mortgage, deed of trust, or other lien of record, shall be entered on the margin of the record of the lien or said assignment shall be acknowledged and filed for record, and if the assignor or assignee of said indebtedness fail to comply with the provisions of this section the debtor shall be fully protected in transactions with the holder of record in the absence of actual notice of the assignment.
Sources: Codes, 1906, § 2795; Hemingway's 1917, § 2296; 1930, § 2151; 1942, § 872; Laws, 1988, ch. 428, § 1, eff from and after passage (approved April 23, 1988).