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MN HF983
Bill
Status
2/9/2017
Primary Sponsor
Paul H. Anderson
Click for details
AI Summary
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Clarifies feeder's lien eligibility by specifying that persons furnishing feed or providing storage, care, and other livestock services must do so in the ordinary course of business and at the request of the owner or legal possessor.
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A feeder's lien becomes effective when feed, services, or contributions are provided to the obligor and must be perfected within 60 days after the last date that feed or feeding services are furnished.
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A feeder's lien has priority over all competing security interests and agricultural liens except a perfected veterinarian's lien in the livestock and its products or proceeds.
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Eliminates livestock production input lien and temporary livestock production input lien, repealing Minnesota Statutes sections 514.965, subdivisions 8 and 11; and 514.966, subdivisions 3 and 3a.
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Effective date is August 1, 2017, and applies to agricultural liens perfected on or after that date.
Legislative Description
Feeder's lien modified to clarify eligibility of those who furnish feed to a livestock producer, and livestock production input lien and temporary livestock production input lien eliminated.
Last Action
Author added Johnson, C.
3/1/2017