LB54 Statutory Lien LB54 Statutory Lien Filing ChangesFiling Changes

Effective July 1, 2001, Effective July 1, 2001, LB54 Changes how LB54 Changes how “Statutory Liens” are filed “Statutory Liens” are filed with the Secretary of with the Secretary of State, UCC Division.State, UCC Division.

• Statutory liens include:Statutory liens include:

• Agister’s Liens (§54-201)Agister’s Liens (§54-201)

• Feed Liens (§54-208)Feed Liens (§54-208)

• Artisan’s Lien (§52-202)Artisan’s Lien (§52-202)

• Threshers Lien (§52-Threshers Lien (§52-501)501)

• Fertilizer/Ag Chemical Fertilizer/Ag Chemical Lien (§52-1101)Lien (§52-1101)

• Petroleum Lien (§52-Petroleum Lien (§52-901)901)

• Seed or Electrical Seed or Electrical Energy Lien (§52-1201)Energy Lien (§52-1201)

• Veterinarian’s Lien (§52-Veterinarian’s Lien (§52-701)701)

• Agricultural Production Agricultural Production Input Lien (§52-1407)Input Lien (§52-1407)

Why the ChangeWhy the Change

• RA9 Uniform Commercial CodeRA9 Uniform Commercial Code– 9-310 “A (UCC) financing statement must be 9-310 “A (UCC) financing statement must be

filed to perfect all security interests and filed to perfect all security interests and agricultural liens” agricultural liens”

– To avoid dual filing or changing the code LB 54 To avoid dual filing or changing the code LB 54 changed the filing requirementschanged the filing requirements

– Language was added to each statutory lien Language was added to each statutory lien section: “A lien created under this section shall section: “A lien created under this section shall be perfected as provided in Article 9, UCC” be perfected as provided in Article 9, UCC”

How to File?How to File?

• File the Statutory Lien as you would any UCC Filing File the Statutory Lien as you would any UCC Filing with a UCC1 Filing Formwith a UCC1 Filing Form

• Attach the necessary statutory lien informationAttach the necessary statutory lien information

• You may use the “universal” form included in the You may use the “universal” form included in the seminar materials for your attachment--except for seminar materials for your attachment--except for agricultural production input (API) liensagricultural production input (API) liens

• Use the API form as the attachment for Ag. Input Use the API form as the attachment for Ag. Input Liens Liens

• PLEASE type or Print Legibly PLEASE type or Print Legibly

LB54 “Universal” Attachment LB54 “Universal” Attachment FormForm

FeesFees

– Standard UCC filing fee $6.00Standard UCC filing fee $6.00

– $.50 per page for any attachments$.50 per page for any attachments

– No fee for terminations No fee for terminations

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