House Sponsors: MYERS,RICHARD. Short description: UCC-GUARANTEED PREPAYMENT AGR Synopsis of Bill as introduced: Amends the Uniform Commercial Code by adding a new Article with the short title of Uniform Commercial Code-Guaranteed Prepayments of Agricultural Goods. Provides that "in the event that the recipient of monies for agricultural goods becomes insolvent, the purchaser shall receive a payment equal to the monies paid for agricultural goods not delivered" and "in the event that the recipient of monies for agricultural goods enters into insolvency proceedings, the purchaser shall serve as the first secured creditor in the insolvency proceedings". Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status