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ID H0389
Bill
Status
3/24/2016
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Amends Section 45-308 to specify required contents of a notice of claim of lien, including nature of lien, producer and claimant names/addresses, county or counties where crops are grown, crop type(s), crop year, claim amount exclusive of interest, and other information required by administrative rule.
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Requires the notice of claim of lien to be signed by the claimant, agent, or attorney-in-fact with certification of truthfulness; notarization is not required.
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Establishes that the notice of claim of lien must be filed on a standard form prescribed by the Secretary of State that satisfies farm products financing statement requirements under Section 28-9-502(e), Idaho Code, with exemptions for debtor identification, secured party identification, social security numbers, and debtor signatures.
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Amends Section 45-318 to provide that a claim of lien under this chapter will be deemed by the Secretary of State to meet the requirements of a farm products financing statement under the Uniform Commercial Code.
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Declares an emergency, making the act effective upon passage and approval.
Legislative Description
Amends existing law to provide what the notice of claim of lien must include; and to provide that a notice of claim of lien will be deemed by the Secretary of State to meet the requirements of a farm products financing statement.
AGRICULTURAL LIENS
Last Action
Reported Signed by Governor on March 24, 2016 Session Law Chapter 202 Effective: 03/24/2016
3/24/2016