Bills › 88th General Assembly
Where it is now
- Done: IntroducedFebruary 12, 2020
- Done: SubcommitteeFebruary 12, 2020
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary If this bill passes, landowners will have the first right to claim crops or farm products grown on their leased land to pay for unpaid rent. This rule would put the landlord ahead of other lenders, such as banks, warehouses, or veterinarians, who might also have a legal claim to those same products. The change applies to farm leases that start or continue after July 1, 2020.1
Read the official explanation
GENERAL.7209), and an agricultural lien including a harvester’s lien (Code chapter 571), a custom cattle feedlot lien (Code chapter 579A), a commodity production contract lien (Code chapter 579B), and a veterinarian’s lien (Code chapter 581). BACKGROUND.9201).9310).7209). In addition, various Code chapters existing outside the UCC create agricultural liens in commodities produced by a farming operation.9102(1)(e)).9310). Once a lien is created, it receives a degree of priority over the covered collateral among competing creditors seeking to enforce a debt. Generally, under the UCC, article 9, the status of a creditor’s priority is based on the date of the security interest’s perfection. However, certain statutes outside the UCC, article 9, provide a special status to lienholders, including those holding agricultural liens. APPLICABILITY. _____ renewed, or otherwise continued on and after July 1, 2020.
Senate subcommittee
Named February 12, 2020. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part