KING, Circuit Judge:
An unpaid equipment supplier filed statutory stop payment notices with the owner of a construction project pursuant to § 85-7-181 Miss.Code Ann. (1972) (Add. A.) (§ 85-7-181), which permits an unpaid subcontractor to bind funds owed to the contractor by the owner. In order to release the funds, Coatings Manufacturers, Inc. (CMI), the contractor, and the owner, Middle South Energy, Inc. (Middle South)
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