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Texas Agriculture Code - AGRIC § 188.002. Proceeds

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) For the purposes of this chapter, proceeds are the amounts received by a lien debtor, before a deduction for taxes, fees, or assessments or a deduction made under a court order, from the sale of:

(1) the livestock for which the animal feed was used;

(2) meat, milk, skins, wool, or other products derived from that livestock;  or

(3) issue born to that livestock.

(b) For the purposes of this chapter, proceeds do not include amounts:

(1) due or owing to a cooperative association under Chapter 51 or 52;  or

(2) retained by a cooperative association under Chapter 51 or 52.

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Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 188.002. Proceeds - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-188-002/

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