69-510. PAYMENT OF PURCHASE PRICE. A person required to be licensed as a commodity dealer under the provisions of this chapter shall pay the purchase price to the owner or his agent for agricultural commodities upon delivery or demand by the owner or agent, but not later than thirty (30) days after delivery by the owner or agent, unless otherwise agreed to by the parties in writing. As used in this section, "delivery" means the transfer of title to and possession of agricultural commodities by the owner or agent to the commodity dealer or to another person in accordance with the agreement of the owner or agent and the commodity dealer. As used in this section, "payment" means the actual payment or tender of payment by the commodity dealer to the owner or agent of the agreed purchase price.
History:
[69-510, added 1982, ch. 94, sec. 2, p. 181; am. 1983, ch. 116, sec. 6, p. 253; am. 1990, ch. 184, sec. 4, p. 410; am. 2002, ch. 258, sec. 5, p. 753.]
Structure Idaho Code
Chapter 5 - COMMODITY DEALER LAW
Section 69-503 - LICENSE REQUIREMENTS — FINANCIAL RESPONSIBILITY.
Section 69-504 - LICENSE ISSUANCE — RENEWAL — EXPIRATION.
Section 69-507 - SUSPENSION OR REVOCATION OF A LICENSE.
Section 69-508 - LICENSE FEES.
Section 69-509 - POSTING OF LICENSE.
Section 69-510 - PAYMENT OF PURCHASE PRICE.
Section 69-511 - INSPECTION OF PREMISES, BOOKS AND RECORDS — AUTHORIZATION TO COPY.
Section 69-514 - CREDIT-SALE CONTRACTS.
Section 69-515 - CONFIDENTIAL AND PROTECTED RECORDS.
Section 69-516 - STANDARDIZATION OF RECORDS AND DOCUMENTS.
Section 69-517 - DIRECTOR’S AUTHORITY.
Section 69-518 - APPEALS FROM DECISION OF DIRECTOR.
Section 69-519 - LICENSE DENIAL.
Section 69-520 - DRAWING CHECKS INSUFFICIENTLY COVERED A VIOLATION.
Section 69-521 - FINANCIAL STATEMENTS.
Section 69-523 - PUBLICATION OF REPORTS.
Section 69-525 - DUTY TO PROSECUTE.
Section 69-526 - COOPERATION WITH GOVERNMENTAL AGENCIES AND PRIVATE ASSOCIATIONS.