(1) The following acts and all other acts and parts of acts inconsistent herewith are hereby repealed:

(a) The Uniform Negotiable Instruments Act, being Sections 42 to 237, inclusive, of Chapter 3, Title 2, Mississippi Code of 1942, Recompiled, as amended;

(b) The Uniform Warehouse Receipts Act, being Sections 5012 to 5070, inclusive, of Chapter 16, Title 19, Mississippi Code of 1942, Recompiled;

(c) The Uniform Trust Receipts Act, being Sections 5080-01 to 5080-23, inclusive, of Chapter 17, Title 19, Mississippi Code of 1942, Recompiled, as amended;

(d) The Uniform Stock Transfer Act, being Sections 5359-01 to 5359-26 of Chapter 4, Title 21, Mississippi Code of 1942, Recompiled, as amended;

(e) Sections 243-01 to 243-10, inclusive, of Chapter 3A, Title 2, Mississippi Code of 1942, Recompiled, entitled “Assignment of accounts receivable”;

(f) Section 268 of Chapter 7, Title 2, Mississippi Code of 1942, Recompiled, entitled “Statute of frauds-sales of personal property”;

(g) Section 274 of Chapter 7, Title 2, Mississippi Code of 1942, Recompiled, entitled “To prevent fraudulent sales of merchandise-what presumed to be fraud” (commonly referred to as the “Bulk Sales Law”);

(h) Section 337 of Chapter 5, Title 3, Mississippi Code of 1942, Recompiled, entitled “Purchase-money-lien on personal property”;

(i) The “Factors Lien Act,” being Sections 382-11 to 382-20, inclusive, of Chapter 5, Title 3, Mississippi Code of 1942, Recompiled;

(j) Section 851 of Chapter 2, Title 7, Mississippi Code of 1942, Recompiled, entitled “Chattel mortgages on property owned or to be acquired valid, when”;

(k) Section 863 of Chapter 2, Title 7, Mississippi Code of 1942, Recompiled, entitled “Where conveyance of personal property recorded”;

(l) Section 870 of Chapter 2, Title 7, Mississippi Code of 1942, Recompiled, entitled “Foreign mortgages or (sic) personal property recorded”;

(m) Section 884 of Chapter 2, Title 7, Mississippi Code of 1942, Recompiled, entitled “Chattel record books”;

(n) Section 5218 of Chapter 2, Title 21, Mississippi Code of 1942, Recompiled, entitled “Collections may be forwarded direct”;

(o) Section 5218.5 of Chapter 2, Title 21, Mississippi Code of 1942, Recompiled, entitled “Dishonor or revocation of credit as to demand items”;

(p) Section 5278-02 of Chapter 2, Title 21, Mississippi Code of 1942, Recompiled, entitled “Stop payment of checks or drafts-limitations”;

(q) Section 5278-04 of Chapter 2, Title 21, Mississippi Code of 1942, Recompiled, entitled “Limitation of time for presentation of check”;

(r) Section 5278-11 of Chapter 2, Title 21, Mississippi Code of 1942, Recompiled, entitled “Final adjustment of statements of account by bank with its depositors”;

(s) Section 7880 of Chapter 7, Title 28, Mississippi Code of 1942, Recompiled, entitled “Bill of lading conclusive of receipts of goods”; and

(t) Section 7881 of Chapter 7, Title 28, Mississippi Code of 1942, Recompiled, entitled “Bank to retain money collected on bill of lading.”

(2) Transactions validly entered into before the effective date specified in Section 75-10-101 and the rights, duties and interests flowing from them remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by any statute or other law amended or repealed by this code as though such repeal or amendment has not occurred.