44.6.112    FARM BILL MASTER LIST

(1) The farm bill master list is a list of farm product liens filed in the secretary of state's office under the authority of the federal Food Security Act of 1985. Secured parties are protected only to the extent of the interest that is properly identified and filed with the office of the secretary of state. Buyers should refer to the farm bill master list before purchasing farm products to determine if a security interest exists against the product. If a security interest exists against the product being sold, the buyer is responsible for writing the check as follows:

(a) in the seller's name; and

(b) in the lender's name who holds the security interest.

(2) The farm bill master list is published on the 15th day of every month.

(3) The farm bill master list is distributed to registered buyers no later than the 20th of each month.

History: 30-9A-526, MCA; IMP, 30-9A-302, MCA; NEW, 2003 MAR p. 1894, Eff. 8/29/03; AMD, 2013 MAR p. 1119, Eff. 6/21/13.