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Revised Statues - Chapter 54 Livestock


54-209: Lien satisfied; termination statement; procedure.
When a lien provided by section 54-201 or 54-208 is satisfied, the lienholder shall file in the office where the lien is filed a termination statement to the effect that he or she no longer claims an interest under the lien, which shall be identified by file number. A termination statement signed by a person other than the lienholder of record shall be accompanied by a separate written statement of assignment signed by the lienholder of record complying with subsection

(2) of section 9-405, Uniform Commercial Code, including payment of the required fee. If the affected lienholder fails to file such a termination statement within thirty days after such lienholder no longer claims an interest, he or she shall be liable to the person for whom the feeding and keeping were furnished or the feed or feed ingredients were delivered for any losses caused to such person by such failure and for reasonable attorney's fees and court costs. On presentation to the filing officer of such a termination statement, he or she shall note it in the index. If the filing officer has received the termination statement in duplicate, he or she shall return one copy of the termination statement to the lienholder stamped to show the time of receipt.



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