Iowa Code 579B.2 – Lien depends upon production contracts
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 579B.2
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
579B.2 Lien depends upon production contracts.
1. A lien established under § 579B.3 depends upon the execution of a production contract that provides for producing a commodity owned by a contractor by a contract producer at the contract producer’s contract operation.
2. A production contract is executed when it is signed or orally agreed to by each party to the contract or by a person authorized by a party to act on the party’s behalf, including the contract producer’s personal representative.
3. This chapter applies to any production contract that is in force on or after May 24, 1999, regardless of the date that the production contract is executed.
99 Acts, ch 169, §15, 22, 24
Referred to in §579B.1, 579B.3
1. A lien established under § 579B.3 depends upon the execution of a production contract that provides for producing a commodity owned by a contractor by a contract producer at the contract producer’s contract operation.
2. A production contract is executed when it is signed or orally agreed to by each party to the contract or by a person authorized by a party to act on the party’s behalf, including the contract producer’s personal representative.
3. This chapter applies to any production contract that is in force on or after May 24, 1999, regardless of the date that the production contract is executed.
99 Acts, ch 169, §15, 22, 24
Referred to in §579B.1, 579B.3