Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 70.406 - Effect of Lien; Recovery(a) A buyer in ordinary course of business of an agricultural crop, including a person who buys any portion of an agricultural crop from a warehouse or a contract purchaser, whether or not the agricultural crop has been commingled, takes the agricultural crop free of a lien created under this subchapter, and the lien created by this subchapter does not pass to any subsequent claimant of the agricultural crop.(b) An unequal pro rata recovery between agricultural producers is not prohibited under this subchapter if the inequality results from a lien on accounts receivable.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 887,Sec. 6, eff. 9/1/2017.Added by Acts 2001, 77th Leg., ch. 732, Sec. 1, eff. 9/1/2001.