The lien created by section 45-1802, Idaho Code, attaches to the agricultural product and to the proceeds of the subsequent sale of the agricultural product on the date the agricultural product is physically delivered to the purchaser or on the date any final payment is due, and unpaid, to the agricultural commodity producer or agricultural commodity dealer under any contract or bailment, whichever occurs last.
Idaho Code § 45-1803
When lien attaches
Applied in 1 court decision — leading case Farmers National Bank v. Green River Dairy, LLC (2014)
Most recently applied in Farmers National Bank v. Green River Dairy, LLC (January 2014)
I.C., § 45-1803, as added by 1983, ch. 202, § 1, p. 549; am. 2002, ch. 308, § 2, p. 878.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.