Amends the Agriculture and Food Act of 1981 to provide that a buyer in the ordinary course of business who buys farm products from a person engaged in farming operations shall own such goods free of any security interest in such goods even though the security interest is perfected and even though the buyer knows of its existence.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Referred to Subcommittee on Agricultural Research.
Committee on Agriculture received executive comment from Agriculture Department. Unfavorable.
Subcommittee on Agricultural Research. Hearings held. Hearings printed: S.Hrg. 98-1170.
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