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FORM 4D.2 NOTICE OF SECURITY INTEREST IN FARM PRODUCTS To: Potential Buyer name and address From: bank and address (Bank) Date Expiration date You are hereby notified that pursuant to the Federal.

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Related content

Iowa Code 1999: Section 554.9307 - Iowa.gov
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(5) The term “farm product” means an agricultural commodity such as wheat, corn, soybeans, or a species of livestock such as cattle, hogs, sheep, horses, or poultry used or produced in farming operations, or a product of such crop or livestock in its unmanufactured state (such as ginned cotton, wool-clip, maple syrup, ...

Perfection by Possession One way a creditor can perfect is by taking possession of the collateral. Taking “possession” means the creditor has physical custody of the collateralized property. When a creditor has physical possession, it informs third persons that the creditor has an interest in that property.

“Farm products,” as the term is defined by Article 9, include crops, livestock and the products of crops or livestock in their unmanufactured state.

In general, “farm products” under the UCC includes goods, other than standing timber, which are crops, livestock, or supplies used in a farming operation.

The rule protects buyers, providing that the buyer will receive a purchased product without the creditor's security interest attached, as long as certain conditions are met. Before the enactment of the FSA, buyers of farm products often purchased farm products that were collateral for a secured creditor's loan.

For agricultural secured transactions, there are a few general methods of perfection: (1) possession of the collateral; (2) control of the collateral; (3) automatic perfection when the security interest attaches; and (4) filing a financing statement.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232