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House Journal: Page 1044: Wednesday, March 29, 1995

 3   following:
 4     "   .  "Custom cattle feedlot operator" means the
 5   owner of a custom cattle feedlot or a person managing
 6   the custom cattle feedlot, if the person is authorized
 7   by the owner to file and enforce a lien under this
 8   chapter."
 9     2.  Page 1, by inserting after line 23 the
10   following:
11     "   .  "Processor" means the same as defined in
12   section 9H.1."
13     3.  By striking page 1, line 26, through page 2,
14   line 6, and inserting the following:
15     "1.  A custom cattle feedlot operator shall have a
16   lien upon the cattle and the identifiable cash
17   proceeds from the sale of the cattle for the amount of
18   the contract price for the feed and care of the
19   livestock at the custom cattle feedlot agreed upon by
20   the custom cattle feedlot operator and the person who
21   owns the cattle, which may be enforced as provided in
22   section 579A.3.
23     2.  The lien is created at the time the cattle
24   arrive at the custom cattle feedlot and continues for
25   one year after the cattle have left the custom cattle
26   feedlot.  In order to preserve the lien, the custom
27   cattle feedlot operator must, within twenty days after
28   the cattle arrive at the custom cattle feedlot, file
29   in the office of the secretary of state, a lien
30   statement on a form prescribed by the secretary of
31   state.  The secretary of state shall charge a fee of
32   not more than ten dollars for filing the statement.
33   The secretary of state may adopt rules pursuant to
34   chapter 17A for the electronic filing of the
35   statements.  The statement must include all of the
36   following:
37     a.  An estimate of the amount of feed and care
38   provided to the cattle pursuant to the contract.
39     b.  The estimated duration of the period when the
40   cattle are subject to feed and care at the custom
41   cattle feedlot.
42     c.  The name of the party to the contract whose
43   cattle are subject to feed and care at the custom
44   cattle feedlot.
45     d.  The description of the location of the custom
46   cattle feedlot, by county and township.
47     e.  The signature of the person filing the form.
48     3.  Except as provided in chapter 581, a lien
49   created under this section until preserved and a lien
50   preserved under this section is superior to and shall

Page 2  

 1   have priority over a conflicting lien or security
 2   interest in the cattle, including a lien that was
 3   perfected prior to the creation of the lien provided

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/76GA/Session.1/HJournal/01000/01044.html
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