SB 0984 Creates statutory liens for agricultural procection
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
Effective Date:August 28, 2004
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Current Bill Summary

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.