Washington Code 60.13.030 – Preparer lien for grain, hay, or straw
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Starting on the date a producer delivers grain, hay, or straw to a preparer, the producer has a first priority statutory lien, referred to as a “preparer lien.” This preparer lien shall continue twenty days after payment for the product is due and remains unpaid, without filing any notice of lien, for the contract price, if any, or the fair market value of the products delivered. The preparer lien attaches to the agricultural products delivered by the producer to the preparer, and to the preparer’s accounts receivable.
[ 1985 c 412 § 3.]
Terms Used In Washington Code 60.13.030
- Contract: A legal written agreement that becomes binding when signed.
- Delivers: means that a producer completes the performance of all contractual obligations with reference to the transfer of actual or constructive possession or control of an agricultural product to a processor or conditioner or preparer, regardless of whether the processor or conditioner or preparer takes physical possession. See Washington Code 60.13.010
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Preparer: means a person engaged in the business of feeding livestock or preparing livestock products for market. See Washington Code 60.13.010