United States Code
USC most recently checked for updates: Dec 07, 2023
The purpose of this section is to remove such burden on and obstruction to interstate commerce in farm products.
Except as provided in subsection (e) and notwithstanding any other provision of Federal, State, or local law, a buyer who in the ordinary course of business buys a farm product from a seller engaged in farming operations shall take free of a security interest created by the seller, even though the security interest is perfected; and the buyer knows of the existence of such interest.
What constitutes receipt, as used in this section, shall be determined by the law of the State in which the buyer resides.
The Secretary of Agriculture shall prescribe regulations not later than 90 days after
This section shall become effective 12 months after