§ 626.10a. Review of security
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 31 P.S. FoodEffective: July 4, 2004
Effective: July 4, 2004
31 P.S. § 626.10a
§ 626.10a. Review of security
(a) If the board determines that the financial condition of a milk dealer that purchases milk from a producer is not adequate to reasonably assure prompt payment to producers, the board may require that milk dealer to furnish additional security to afford producers the protection intended by this act.
(b) If the board determines that the value of milk purchased or received from a producer by a milk dealer has increased or may reasonably be anticipated to increase so that the amount of security furnished by the milk dealer does not comply with section 71 as applied to any consecutive two-month period during the current year, the board may require that milk dealer to furnish additional security to afford producers the protection intended by this act.
Credits
1984, July 6, P.L. 652, No. 136, § 10.1, added 2004, July 4, P.L. 509, No. 66, § 4, imd. effective.
Footnotes
31 P.S. § 626.7.
31 P.S. § 626.10a, PA ST 31 P.S. § 626.10a
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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