Document ID: chunk:federal_register_of_legislation:C2024C00719:section:86
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 86
Character Range: 184246–185033

86  Priority of livestock
  A perfected security interest (the priority interest) that is granted by a grantor in livestock or the proceeds of livestock has priority over any other security interest (other than a purchase money security interest) that is granted by the same grantor in the same livestock or proceeds if:
 (a) the priority interest is granted for value; and
 (b) the priority interest is granted to enable the livestock to be fed or developed; and
 (c) either:
 (i) the livestock are held by the grantor at the time the security agreement providing for the priority interest is made; or
 (ii) the livestock are acquired by the grantor during the period of 6 months after the day the security agreement providing for the priority interest is made.

Part 3.3—Accessions