UCC-GUARANTEED PREPAYMENT AGR
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HB 2415 — UCC-GUARANTEED PREPAYMENT AGR
Last action — Session Sine Die
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 93rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the Uniform Commercial Code by adding a new Article with the short title of Uniform Commercial Code-Guaranteed Prepayments of Agricultural Goods. Provides that "in the event that the recipient of monies for agricultural goods becomes insolvent, the purchaser shall receive a payment equal to the monies paid for agricultural goods not delivered" and "in the event that the recipient of monies for agricultural goods enters into insolvency proceedings, the purchaser shall serve as the first secured creditor in the insolvency proceedings". Amends the Secured Transactions Article of the Uniform Commercial Code. Creates a production-money security interest in production-money crops. Effective immediately.
Bill Text
- Introduced View text Current html
Action History
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Session Sine Die
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Rule 19(a) / Re-referred to Rules Committee
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Re-assigned to Judiciary I - Civil Law Committee
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Assigned to Executive Committee
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. Richard P. Myers
Sponsors
- Richard P. Myers · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Richard P. Myers
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 2415 do?
- Amends the Uniform Commercial Code by adding a new Article with the short title of Uniform Commercial Code-Guaranteed Prepayments of Agricultural Goods. Provides that "in the event that the recipient of monies for agricultural goods becomes insolvent, the purchaser shall receive a payment equal to the monies paid for agricultural goods not delivered" and "in the event that the recipient of monies for agricultural goods enters into insolvency proceedings, the purchaser shall serve as the first secured creditor in the insolvency proceedings". Amends the Secured Transactions Article of the Uniform Commercial Code. Creates a production-money security interest in production-money crops. Effective immediately.
- Who sponsors HB 2415?
- HB 2415 is sponsored by Richard P. Myers.
- What is the current status of HB 2415?
- This bill died with 93rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 2415?
- Track HB 2415 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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