This text of Iowa § 579A.2 (Establishment of lien — priority) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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 price for the feed and
care of the cattle at the custom cattle feedlot pursuant to a written or oral agreement by the
custom cattle feedlot operator and the person who owns the cattle, which may be enforced
as provided in section 579A.3. The custom cattle feedlot operator is a secured party and the
owner of the cattle is a debtor for purposes of chapter 554, article 9.
3.A custom cattle feedlot lien becomes effective at the time the cattle arrive at the custom
cattle feedlot. In order to perfect the lien, the custom cat
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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 price for the feed and
care of the cattle at the custom cattle feedlot pursuant to a written or oral agreement by the
custom cattle feedlot operator and the person who owns the cattle, which may be enforced
as provided in section 579A.3. The custom cattle feedlot operator is a secured party and the
owner of the cattle is a debtor for purposes of chapter 554, article 9.
3. A custom cattle feedlot lien becomes effective at the time the cattle arrive at the custom
cattle feedlot. In order to perfect the lien, the custom cattle feedlot operator must file a
financing statement in the office of the secretary of state as provided in section 554.9308
within twenty days after the cattle arrive at the custom cattle feedlot.
a. The financing statement shall substantially meet the requirements of section 554.9502,
subsection 1, and include all applicable information described in section 554.9516.
b. The lien terminates one year after the cattle have left the custom cattle feedlot. The lien
may be terminated by the custom cattle feedlot operator who files a termination statement as
provided in chapter 554, article 9.
4. Filing a financing statement as provided in this section substantially satisfies all
requirements for perfection of an agricultural lien as provided in chapter 554, article 9.
5. a. A custom cattle feedlot lien that is perfected under this section is superior to and
shall have priority over a conflicting lien or security interest in the cattle, including a lien or
security interest that was perfected prior to the perfection of the custom cattle feedlot lien.
b. Notwithstanding paragraph “a”, a custom cattle feedlot lien shall not be superior to a
court-ordered lien provided in section 717.4 or a veterinarian’s lien created under chapter
581, if such lien is perfected as an agricultural lien as provided in chapter 554, article 9.
§579A.2, CUSTOM CATTLE FEEDLOT LIEN 2
c. A custom cattle feedlot lien that is effective but not perfected under this section has
priority as provided in section 554.9322.