Louisiana Revised Statutes 3:3659 – Declaration
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Terms Used In Louisiana Revised Statutes 3:3659
- Person: means any individual, partnership, corporation, trust, or other business entity. See Louisiana Revised Statutes 3:3652
- Security interest: means an interest in or encumbrance upon farm products that secures payment or performance of an obligation. See Louisiana Revised Statutes 3:3652
Each person who purchases farm products may print the following declaration on the back of each check or draft issued in payment for those farm products:
“By endorsing this check or draft I hereby certify that I am legally entitled to sell the farm products purchased with the proceeds of this check or draft and that the farm products are not subject to any security interest except a security interest in favor of the payee or payees of this check or draft.”
Acts 1989, No. 548, §1, eff. Aug. 22, 1989.