Michigan Compiled Laws
Article IV - (288.510...288.518)
Section 288.514 - Prepayment.

Sec. 44.
A licensee or applicant for licensure as a milk plant not providing a security device under section 42 or 43 shall provide an agreement in which the milk plant prepays for its milk supply by means of cash payments before or at the time the milk is received at the plant.
History: 2001, Act 266, Eff. Feb. 8, 2002 ;-- Am. 2008, Act 136, Eff. June 20, 2008

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 288 - Dairy Industry

Act 266 of 2001 - Grade a Milk Law of 2001 (288.471 - 288.540)

Article IV - (288.510...288.518)

Section 288.510 - Purchasing Milk for Resale or Manufacture Into Another Product; Payment; Manner; Dates; Issuance of Check; Notation.

Section 288.511 - Security Device as Condition to Issuance and Maintenance of License; Exemption.

Section 288.512 - Milk Plant Not Providing Security Device; Audited or Verified Financial Statement; Requirements.

Section 288.513 - Other Forms of Security; Terms and Conditions; Value.

Section 288.514 - Prepayment.

Section 288.515 - Cancellation or Modification of Security Device; Milk Plant as First Receiving Point for Milk; Milk Sold in Interstate Commerce; Choice of Independent Audit or Voluntary Security Modification; Cost of Audit; Payment; Failure of Milk...

Section 288.516 - Change in Security Device; Circumstances; Decision by Department to Require Modification of Security Device; Notice to Producers Shipping Milk.

Section 288.517 - Breach of Secured Obligation; Filing Verified Proof of Claim or Evidence of Default; Entry of Department Order Requiring Creditors to File Claims; Publication of Order; Audit by Department; Order Allowing or Disallowing Each Claim;...

Section 288.518 - License Issued, Renewed, or Modified; Notice to Producers Delivering Milk; Form.