Effective – 01 Jul 2001
400.9-302. Law governing perfection and priority of agricultural liens. — While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.
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(L. 1963 p. 503 § 9-302, A.L. 1965 p. 595, A.L. 1988 S.B. 583, A.L. 1992 S.B. 448, A.L. 1993 S.B. 198, A.L. 1997 S.B. 6, A.L. 2001 S.B. 288)
Effective 7-01-01
(1967) Coins having a numismatic value pledged to and in possession of a bank as security for a valid loan to a coin dealer constituted goods in the form of inventory and the filing of a financing statement was not required to perfect the bank’s lien. Zuke v. St. Johns Community Bank (A.), 387 F.2d 118.