...reflecting that "farm products" exception, as shown in the House Committee Report on Pub. L. 99-198, No. 99-271, Part 1, September 13, 1985, at pages 108...the buyer knows of its existence, (emphasis added) $205.212 "Buyer in ordinary course of business" and "security interest." The terms "buyer in ordinary...

...reflecting that "farm products" exception, as shown in the House Committee Report on Pub. L. 99-198, No. 99-271, Part 1, September 13, 1985, at pages 108...the buyer knows of its existence, (emphasis added) $205.212 "Buyer in ordinary course of business" and "security interest." The terms "buyer in ordinary...

...buyer In ordinary course of business (subsection (9) of Section 1-201) other than a person but/ing farm products from a person engaged in farming operations...the buyer knows of its existence, (emphasis added) §206.212 "Buyer in ordinary course of business" and "security interest." The terms "buyer in ordinary...

...9-307(1) reads as follows: (1) A buyer in ordinary course of business 'subsection (9) of Section 1-301) other than a person buying farm products from a person...even though the security interest is perfected and 9 CFR Ch. II (1-1-94 Edition) even though the buyer knows of its existence, (emphasis added) §205.212...

...buyers of goods (1) A buyer in ordinary course of business (subsection (9) of section 28:1 — 201) (2't In the case of consumer goods and in the case of farm equipment having an original purchase price...

...buyers of goods (1) A buyer in ordinary course of business (subsection (9) of section 28:1 — 201) other than a person buying farm products from a person...and even though the buyer knows of its existence. (2) In the case of consumer goods and in the case of farm equipment having an original purchase price...

...commodities bought from farmers. Specifically, the law says: "A buyer in the ordinary course of business other than a person buying farm products from a person...and even though the buyer knows of its existence." This means, essentially, that if a farmer defaults on a loan for which he puts his livestock or other...

...COMMODITIES BOUGHT FROM FARMERS. SPECIFICALLY, THE LAW SAYS: A BUYER IN THE ORDINARY COURSE OF BUSINESS OTHER THAN A PERSON BUYING FARM PRODUCTS FROM A PERSON...AND EVEN THOUGH THE BUYER KNOWS OF ITS EXISTENCE. THIS MEANS, ESSENTIALLY, THAT IF A FARMER DEFAULTS ON A LOAN FOR WHICH HE PUTS HIS LIVESTOCK OR OTHER...

...9-307(1) states: "A buyer in ordinary course of business other than a person buying f arm ^roduc^tg f rqm a person engaged in farming operations takes free...and even though the buyer knows of its existence. " The recommended change in the law would be to delete the underlined words. We feel that there are...

...9-307(1) of the Uniform Commercial Code, which provides: A buyer in the ordinary course of business . . . other than a person buying farm products from a person...and even though the buyer knows of its existence. The general thrust of this provision is to insulate ordinary-course purchasers from the claims of prior...