§ 15-18-4-1 — Claim against milk processor; priority on insolvency

(a) The whole claim or a judgment for the
whole claim of a person is entitled to the same preferences in an
insolvency proceeding under IC 22-2-10-1 if the claim or judgment is
against:
(1) the owner or operator of a dairy plant or receiving station or
any other premises where a dairy product is manufactured,
processed, or handled or of any premises used to receive and ship
milk or cream, except to the ultimate consumer; or
(2) any:
(A) dealer in a dairy product; or
(B) other person (except a hauler from the producer to a plant
or receiving station) who purchases, assembles, or receives a
dairy product for manufacturing, processing, or sale;
and the basis of the claim or judgment is milk, cream, any other dairy
product or byproduct, or any commodity, the principal constituents or
ingredients of which include (separately or in combination) milk,
cream, or any other dairy product that is sold or delivered to the owner,
operator, dealer, or other person.
(b) This section does not affect or impair any other lien or security
for the claim or judgment described in subsection (a).
[Pre-2008 Recodification Citation: 15-6-3-1.]

Legislative History

As added by P.L.2-2008, SEC.9.