Tex. Agric. Code Section 188.002
Proceeds

(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 (Farmers’ Cooperative Societies) or 52 (Cooperative Marketing Associations); or

(2)

retained by a cooperative association under Chapter 51 (Farmers’ Cooperative Societies) or 52 (Cooperative Marketing Associations).
Added by Acts 1995, 74th Leg., ch. 197, Sec. 2, eff. Sept. 1, 1995.

Source: Section 188.002 — Proceeds, https://statutes.­capitol.­texas.­gov/Docs/AG/htm/AG.­188.­htm#188.­002 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 188.002’s source at texas​.gov