Document ID: chunk:federal_register_of_legislation:C2024C00719:section:85
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 85
Character Range: 183600–184246

85  Priority of crops
  A perfected security interest (the priority interest) that is granted by a grantor in crops or the proceeds of crops has priority over any other security interest that is granted by the same grantor in the same crops or proceeds if:
 (a) the priority interest is granted for value; and
 (b) the priority interest is granted to enable the crops to be produced; and
 (c) either:
 (i) the security agreement providing for the priority interest is made while the crops are growing; or
 (ii) the crops are planted during the period of 6 months after the day the security agreement providing for the priority interest is made.