Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 70.407 - Discharge of Lien(a) A lien created under this subchapter is discharged when: (1) the lienholder receives full payment for the agricultural crop; or(2) payment is tendered by the warehouse or the contract purchaser, as applicable, and the lienholder, without coercion, defers payment.(b) If payment for the agricultural crop is received in the form of a negotiable instrument, full payment is received when the negotiable instrument clears all financial institutions.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 887,Sec. 7, eff. 9/1/2017.Added by Acts 2001, 77th Leg., ch. 732, Sec. 1, eff. 9/1/2001.