Texas Agriculture Code

§ 188.002 — PROCEEDS

AG § 188.002Title 6. PRODUCTION, PROCESSING, AND SALE OF ANIMAL PRODUCTS · Part E. LIENS ON ANIMAL PRODUCTS · Ch. 188. LIENS FOR ANIMAL FEED · Art. A. GENERAL PROVISIONS

Statute text

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(a)For the purposes of this chapter, proceeds are the amounts received by a lien debtor, before a deduction for taxes, fees, or assessments or a deduction made under a court order, from the sale of:

(1)the livestock for which the animal feed was used;

(2)meat, milk, skins, wool, or other products derived from that livestock; or

(3)issue born to that livestock.

(b)For the purposes of this chapter, proceeds do not include amounts:

(1)due or owing to a cooperative association under Chapter 51 or 52; or

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Legislative history

Added by Acts 1995, 74th Leg., ch. 197, Sec. 2, eff. Sept. 1, 1995.