Sec. 188.002.  PROCEEDS.  (a)  For the purposes of this chapter, proceeds are the amounts received by a lien debtor, before a deduction for taxes, fees, or assessments or a deduction made under a court order, from the sale of:
(1)  the livestock for which the animal feed was used;
(2)  meat, milk, skins, wool, or other products derived from that livestock;  or
(3)  issue born to that livestock.
(b)  For the purposes of this chapter, proceeds do not include amounts:
(1)  due or owing to a cooperative association under Chapter 51 or 52;  or
(2)  retained by a cooperative association under Chapter 51 or 52.
Added by Acts 1995, 74th Leg., ch. 197, Sec. 2, eff. Sept. 1, 1995.