Tex. Agriculture Code § 188.002
PROCEEDS
Texas · Texas Agriculture Code · Status: effective
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- Citation
- Tex. Agriculture Code § 188.002, PROCEEDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/628508
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Full text
(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 or 52; or
(2) retained by a cooperative association under Chapter 51 or 52.