Texas Agriculture Code 188.002 – Proceeds
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(a) For the purposes of this chapter, proceeds are the amounts received by a lien debtor, before a deduction for taxes, fees, or assessments or a deduction made under a court order, from the sale of:
(1) the livestock for which the animal feed was used;
(2) meat, milk, skins, wool, or other products derived from that livestock; or
(3) issue born to that livestock.
(b) For the purposes of this chapter, proceeds do not include amounts:
(1) due or owing to a cooperative association under Chapter 51 or 52; or
(2) retained by a cooperative association under Chapter 51 or 52.
Terms Used In Texas Agriculture Code 188.002
- Lien: A claim against real or personal property in satisfaction of a debt.
- Livestock: means cattle, horses, mules, asses, sheep, goats, llamas, alpacas, exotic livestock, including elk and elk hybrids, and hogs, unless otherwise defined. See Texas Agriculture Code 1.003