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ID H0526
Bill
AI Summary
- Amends Section 28-9-310 of Idaho Code regarding security interests and agricultural liens
- Adds timber sold by the State of Idaho to the list of security interests that do not require filing a financing statement to perfect the interest
- This exemption is added as subsection (b)(11) to existing exceptions that already include certain securities, goods, and other collateral types
- Allows security interests in state-sold timber to be perfected without the standard filing requirement applicable to most security interests
Legislative Description
Amends existing law relating to security interests to provide that filing a financing statement is not necessary to perfect a security interest in timber sold by the state of Idaho.
DEPARTMENT OF LANDS
Last Action
Governor signed Session Law Chapter 154 Effective: 07/01/10
3/30/2010
Committee Referrals
Commerce and Human Resources2/15/2010
Full Bill Text
No bill text available