Georgia § 11-9-322 - 1. Crops produced with new value.
Full text of Georgia Official Code of Georgia Annotated § 11-9-322 — 1. Crops produced with new value., with citation guidance and answers to common questions.
§ 11-9-322. 1. Crops produced with new value.
A perfected security interest in growing crops for new value given to enable the debtor to produce the crops during the production season and given not more than three months before the crops become growing crops by planting or otherwise takes priority over an earlier perfected security interest or agricultural lien to the extent that such earlier interest or lien secures obligations incurred more than six months before the crops become growing crops by planting or otherwise, even though the person giving new value had knowledge of the earlier security interest or agricultural lien. (Code 1981, § 11-9-322.1 , enacted by Ga. L. 2001, p. 362, § 1; Ga. L. 2002, p. 995, § 5.) The 2002 amendment, effective July 1, 2002, inserted "growing" near the beginning, inserted "or agricultural lien" and "or lien" near the middle and added "or agricultural lien" at the end. Editor's notes. - Ga. L. 2002, p. 995, § 8, not codified by the General Assembly, provides that: "This Act shall become effective July 1, 2002, and shall apply to a letter of credit that is issued on or after July 1, 2002. This Act does not apply to a transaction, event, obligation, or duty arising out of or associated with a letter of credit that was issued before July 1, 2002."
Frequently Asked Questions About Georgia § 11-9-322
What does Official Code of Georgia Annotated § 11-9-322 cover?
Section 11-9-322 ("1. Crops produced with new value.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 11-9-322?
A common citation format is "Official Code of Georgia Annotated § 11-9-322" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 11-9-322 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.