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Florida Statute 618.08 - Full Text and Legal Analysis Florida Statute 618.08 | Lawyer Caselaw & Research
Fla. Stat. § 618.08 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
618.08 Corporations may mortgage farm supplies.—A mortgage, executed by a cooperative association, may cover its stock of farm supplies, changing in specifics, which stock mortgagor is permitted to retain in its possession and sell in the usual course of business. The lien of such mortgage shall be lost on all farm supplies sold up to the time of foreclosure, and shall attach to the farm supplies acquired to replenish the stock. No such mortgage shall be invalid as to creditors of the mortgagor because the mortgagor is permitted to retain possession and sell such mortgaged property in the usual course of business; provided, the mortgagor replenishes such property from the proceeds of sale or applies such proceeds in payment of the mortgage debt. In all other respects the laws relating to chattel mortgages shall be applicable to such mortgages.
History.—ss. 1, 2, ch. 17111, 1935; CGL 1936 Supp. 6471(1); s. 1, ch. 99-3.

Cases Citing F.S. 618.08

Fla. Stat. § 618.08 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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Ogden Trucking Co. v. Heller Bros., 130 So. 2d 295 (Fla. Dist. Ct. App. 1961).

Published | District Court of Appeal of Florida | 1961 Fla. App. LEXIS 2759

Laws 1915, § 12580, now Comp.Laws Mich.1948, § 618.8, § 27.988 of The Judicature Act, 21 Mich.Stat.Annot

This Florida statute resource is curated by Graham W. Syfert, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). For legal consultation, call 904-383-7448.