Bill
HB 3663
85(R) - 2017
House Agriculture & Livestock
House Agriculture & Livestock
Agriculture
Mortgages & Liens
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
DeWayne Burns
Bill Caption
Relating to marketing contracts and agricultural liens.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
Under current law, certain perfected agricultural liens have priority over a conflicting security interest on another lien that favors a third party. HB 3663 would clarify the applicability of this provision so as not to affect the validity or priority of an interest or lien made directly with the producer, a cotton ginner's lien, and certain contract purchasers.
Vote Recommendation Notes
HB 3663 neither uplifts nor offends our liberty principles, therefore we remain neutral.