Prior to or within ten days after any creditor of the warehouse licensee commences a judicial proceeding to reduce to judgment, foreclose, or otherwise enforce any claim on a creditor’s lien or security interest attached to grain contained in the warehouse, the creditor shall serve written notice on the executive director of the commission.

Terms Used In Nebraska Statutes 88-547.02

  • Commission: means the Public Service Commission. See Nebraska Statutes 88-526
  • Grain: means wheat, corn, oats, soybeans, barley, rye, flax, or sorghum which has not been processed or packaged for the purpose of distribution as seed, including, but not limited to, edible beans, whole corn plant pellets, alfalfa pellets, millet, sunflower seed, safflower seed, and any other bulk pelleted agricultural storable commodity. See Nebraska Statutes 88-526
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Warehouse: means any grain elevator, mill, grist mill, building, or receptacle in which grain is held in storage for more than ten consecutive days. See Nebraska Statutes 88-526