New Jersey Statutes 12A:9-302. Law governing perfection and priority of agricultural liens
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Terms Used In New Jersey Statutes 12A:9-302
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lien: A claim against real or personal property in satisfaction of a debt.
12A:9-302. Law Governing Perfection and Priority of Agricultural Liens.
While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.
L.2001, c.117, s.1; amended L.2001, c.117, s.1.