579A.1 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Cattle” means an animal classified as bovine, regardless of the age or sex of the animal. 2. “Custom cattle feedlot” means a feedlot where cattle owned by a person are provided feed and care by another person. 3. “Custom cattle feedlot operator” […]
579A.2 Establishment of lien — priority. 1. A custom cattle feedlot lien is created. The lien is an agricultural lien as provided in section 554.9302. 2. A custom cattle feedlot operator shall have a lien upon the cattle and the identifiable cash proceeds from the sale of the cattle for the amount of the contract […]
579A.3 Enforcement. While the cattle are located at the custom cattle feedlot, the custom cattle feedlot operator may enforce a lien created in section 579A.2 in the manner provided for the enforcement of an agricultural lien as provided in chapter 554, article 9, part 6. After the cattle have left the custom cattle feedlot, the […]
579A.4 Waivers unenforceable. A waiver of a right created by this chapter, including but not limited to a waiver of the right to file a financing statement pursuant to this chapter, is void and unenforceable. This section does not affect other provisions of a contract, including a production contract or a related document, policy, or […]
579A.5 Alternate lien procedure. A person who is a custom cattle feedlot operator may file a financing statement and enforce a lien as a contract producer under this chapter or chapter 579B, but not both. 99 Acts, ch 169, §13, 22, 24; 2001 Acts, ch 25, §5
