Kentucky Senate Bill 94 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Engrossed on February 1 2012 - 50% progression, died in committee
Action: 2012-03-26 - returned to Agriculture & Small Business (H)
Pending: House Agriculture and Small Business Committee
Text: Latest bill text (Draft #2) [MS Word]

Create new sections of KRS Chapter 376 to establish a livestock seller's lien in favor of a livestock seller when the seller does not receive payment for the livestock within three days of delivery; describe the property of the lien to which the lien attaches; deem the lien a purchase money security interest; declare the lien effective the day the livestock is delivered; provide that the lien is perfected by filing a financing statement within 45 days, or within 20 days to have purchase money security interest priority; establish priority consistent with Article 9 of the Uniform Commercial Code and a pro rata share in the same collateral for multiple lien holders; allow a buyer in the ordinary course of business to take free of the lien; allow enforcement of the lien according to Part 6 of the Uniform Commercial Code.

AN ACT relating to agriculture.

Sen. David Givens [R]

Date	Chamber	Action
2012-03-26		returned to Agriculture & Small Business (H)
2012-03-26		1st reading
2012-03-26		taken from Agriculture & Small Business (H)
2012-02-02		to Agriculture & Small Business (H)
2012-02-01		received in House
2012-01-31		3rd reading, passed 32-3 with Committee Substitute
2012-01-30		posted for passage in the Regular Orders of the Day for Tuesday, January 31, 2012
2012-01-27		2nd reading, to Rules
2012-01-26		reported favorably, 1st reading, to Calendar with Committee Substitute
2012-01-11		to Agriculture (S)
2012-01-10		introduced in Senate

Type	Source
Summary	http://www.lrc.ky.gov/record/12RS/SB94.htm
Text	http://www.lrc.ky.gov/record/12RS/SB94/bill.doc