SB 0984 | Creates statutory liens for agricultural procection |
Sponsor: | Foster | |||
LR Number: | 3553S.01I | Fiscal Note: | 3553-01 | |
Committee: | Agriculture, Conservation, Parks & Natural Resources | |||
Last Action: | 04/22/04 - Hearing Conducted S Agriculture, Conservation, Parks | Journal page: | ||
and Natural Resources Committee | ||||
Title: | ||||
Effective Date: | August 28, 2004 | |||
SB 984 - This act states that any supplier furnishing a crop
production input, petroleum product, and/or feed have a lien for
that product. The lien shall attach to all crops and proceeds
which are produced utilizing the production input and all
livestock consuming the feed. The liens established herein shall
not apply to the portion of the crops and/or livestock that have
been completely paid for by the producer. Perfection of the lien
shall come from filing with the Missouri Secretary of State a
uniform commercial code financing statement. A supplier may
notify a lender of a lien by delivery of a lien-notification
statement addressed to the lender; such delivery shall be by
certified mail or another method evidencing receipt. This act
establishes the priority of a lien over a security interest only
in cases where such lien has been perfected, the order of
priority is also laid out in this act. This act also lays out
enforcement procedures for lien holders.
MEGAN CRAIN