In many cases, the proceeds from a stock breeder’s or stable keeper’s lien foreclosure sale will not be enough to satisfy your debt. In those cases, you may sue the owner for the deficiency, if any.
The law suit may not be worth it, however, as you could end up spending more on legal fees
The law is vague as to what, specifically, constitutes a “public sale” as referenced in the stock breeder’s and stable keeper’s lien statutes. This clearly would not include a sale by private treaty to a third party without the possibility of others bidding on the horse. If you are foreclosing on either the stock breeder’s
When you sell a registered Thoroughbred in a valid foreclosure sale, you may or may not be able to obtain the Certificate of Foal Registration (i.e. the “Jockey Club papers”) from the original owner. In either case, pursuant to Rule 9 of the Jockey Club’s American Stud Book, you or the buyer must provide the
Fortunately, unlike many states, Texas does not require lien holders to file suit or involve the courts in order to enforce the stable keeper’s lien—provided the enforcement provisions in the statute are precisely followed.
If you are boarding someone else’s horse, the board bill is 60 days or more past due, and you still have
When you sell a horse at a lien foreclosure sale, you will want to transfer its registration papers into the name of the buyer at auction, whether that be you or a third party. Most breed registries have policies and procedures relating to horses purchased in a lien foreclosure. Depending on the breed registry, you
Texas law provides liens for two specific types of services provided to horse owners: boarding services (the stable keeper’s lien) and breeding services (the stock breeder’s lien). This blog provides an overview of the stable keeper’s lien.
How does a stable keeper’s lien work? The Texas stable keeper’s lien, also known as an “agister’s lien,” is