The 2023 Florida Statutes (including Special Session C)

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 618
AGRICULTURAL COOPERATIVE MARKETING ASSOCIATIONS

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F.S. 618.08

618.08 Corporations may mortgage farm supplies.—A mortgage, executed by a cooperative association, may cover its stock of farm supplies, changing in specifics, which stock mortgagor is permitted to retain in its possession and sell in the usual course of business. The lien of such mortgage shall be lost on all farm supplies sold up to the time of foreclosure, and shall attach to the farm supplies acquired to replenish the stock. No such mortgage shall be invalid as to creditors of the mortgagor because the mortgagor is permitted to retain possession and sell such mortgaged property in the usual course of business; provided, the mortgagor replenishes such property from the proceeds of sale or applies such proceeds in payment of the mortgage debt. In all other respects the laws relating to chattel mortgages shall be applicable to such mortgages.

History.—ss. 1, 2, ch. 17111, 1935; CGL 1936 Supp. 6471(1); s. 1, ch. 99-3.

F.S. 618.08 on Google Scholar

F.S. 618.08 on Casetext

Amendments to 618.08

Arrestable Offenses / Crimes under Fla. Stat. 618.08

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 618.08.

Annotations, Discussions, Cases:

Cases from cite.case.law:

DAYE, v. COMMUNITY FINANCIAL SERVICE CENTERS, LLC, d b a, 313 F.R.D. 147 (D.N.M. 2016)

. . . For example, Daye’s loan states that she must make four payments of $154.52, which add up to $618.08. . . .

v., 8 T.C. 660 (T.C. 1947)

. . . as the sole allowable deductions from the gross income of petitioner for 1934 the total amount of $618.08 . . . When from its gross income of $10,713 for 1934 there is deducted the $618.08, the net income of petitioner . . .