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§12A-9-307.8.
§12A-9-307.8.
Protection of Buyers of Farm Products Other Than Livestock.
(1) For purposes of this section, "livestock" means a species of
livestock such as cattle, hogs, sheep, horses, or poultry used or
produced in farming operations, that is in the possession of a person
engaged in farming operations.
(2) Before receiving an instrument in payment for farm products other
than livestock, the seller shall execute a certificate disclosing the
names of all lenders, if any, to whom security interests have been
given in such farm products and provide such certificate to all
merchants purchasing such products from the seller or commission
merchants selling such products as an agent for the seller. If no such
security interests exist, the certificate shall so state. The
certificate shall include a warning that any false statement as to the
identity of the lenders is a felony and is punishable by imprisonment
in the state penitentiary for a period not to exceed three (3) years
or in the county jail for a period not to exceed one (1) year, or by a
fine not to exceed Five Hundred Dollars ($500.00).
The certificate shall be substantially in the following form:
STATE OF ______________)
) SS:
COUNTY OF _____________)
The undersigned is the legal owner of the farm products described
below being sold to (through)__________________________("Merchant")
and hereby states that the following listed lender or lenders to whom
the undersigned has outstanding payment obligations have been given a
security interest(s) in such farm products:
NAME:__________________________ADDRESS:______________________
NAME:__________________________ADDRESS:______________________
NAME:__________________________ADDRESS:______________________
Description of farm products including the amount of the products
where applicable, crop year, county, and a reasonable description of
the property:
______________________________________________________________
______________________________________________________________
______________________________________________________________
______________________________________________________________
WARNING: ANY UNTRUE STATEMENT AS TO THE IDENTIFICATION OF SUCH LENDERS
IS A FELONY UNDER OKLAHOMA LAW AND IS PUNISHABLE BY IMPRISONMENT IN
THE PENITENTIARY FOR A PERIOD NOT EXCEEDING THREE (3) YEARS OR IN THE
COUNTY JAIL NOT EXCEEDING ONE (1) YEAR, OR BY A FINE NOT TO EXCEED
FIVE HUNDRED DOLLARS ($500.00).
This form may be witnessed by the merchant or an agent of the merchant
or it must be notarized by a notary public.
SELLER:____________________________
Print Name:________________________
Social Security Number or Internal
Revenue Service Taxpayer Identification
Number:__________________________
Print Address:_____________________
Signature:_________________________
WITNESS:________________________________________________________
Print Name:_________________________
Signature:__________________________ OR
Subscribed and sworn to before me this _______ day
of ______________, 19__.
____________________________
Notary Public
My Commission Expires:
______________________
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