(a) No action to enforce a security interest in livestock shall be brought against a livestock auction market or selling agent who, in the ordinary course of business, sells the livestock for another person in a public auction, more than eighteen (18) months after the date of the sale.
(b) No action to enforce a security interest in livestock against a buyer in the ordinary course of business shall be brought more than eighteen (18) months after the livestock is sold to the buyer.
Section: Previous 16-56-103 16-56-104 16-56-105 16-56-106 16-56-107 16-56-108 16-56-109 16-56-110 16-56-111 16-56-112 16-56-113 16-56-114 16-56-115 16-56-116 NextLast modified: November 15, 2016