Florida Statute 618.08 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 618
AGRICULTURAL COOPERATIVE MARKETING ASSOCIATIONS

View Entire Chapter

F.S. 618.08

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.

F.S. 618.08 on Google Scholar

F.S. 618.08 on CourtListener

Amendments to 618.08

Annotations, Discussions, Cases:

Cases Citing Statute 618.08

Total Results: 1

Ogden Trucking Co. v. Heller Bros.

130 So. 2d 295, 1961 Fla. App. LEXIS 2759

District Court of Appeal of Florida | Filed: May 18, 1961 | Docket: 60197474

Published

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