RCW 16.65.140
Custodial account for consignor's proceeds—Authorized withdrawals—Accounts and records.
Each licensee shall establish a custodial account for consignor's proceeds. All funds derived from the sale of livestock handled on a commission or agency basis shall be deposited in that account. The account shall be drawn on only for the payment of net proceeds to the consignor, or other person or persons of whom the licensee has knowledge is entitled to the proceeds, and to obtain from those proceeds only the sums due the licensee as compensation for the services as are set out in the posted tariffs, and for the sums as are necessary to pay all legal charges against the consignment of livestock which the licensee in the capacity as agent is required to pay for on behalf of the consignor or shipper. The licensee in each case shall keep those accounts and records that will at all times disclose the names of the consignors and the amount due and payable to each from the funds in the custodial account for consignor's proceeds. The licensee shall maintain the custodial account for consignor's proceeds in a manner that will expedite examination by the director and reflect compliance with the requirements of this section.
[ 2003 c 326 § 73; 1971 ex.s. c 192 § 4; 1959 c 107 § 14.]
NOTES:
Effective dates—2003 c 326: See RCW 16.57.902.
Structure Revised Code of Washington
Title 16 - Animals and Livestock
Chapter 16.65 - Public Livestock Markets.
16.65.015 - Application of chapter—Exceptions.
16.65.030 - Public livestock market license—Application—Contents—Fee—Public hearing.
16.65.037 - License—Restrictions—Fees.
16.65.040 - Public livestock market license—Expiration—Renewal—Penalty.
16.65.044 - Public livestock market—Open consignment horse sale—Consignor's name.
16.65.050 - Disposition of fees.
16.65.060 - License to be posted.
16.65.080 - Denial, suspension, revocation of license—Reasons—Hearing.
16.65.090 - Livestock inspection—Consignor's fee—Inspection fee—Call out fee.
16.65.100 - Livestock inspection—Purchaser's fee.
16.65.120 - Disposition of proceeds of sale—Limitations on licensee.
16.65.130 - Unlawful use of consignor's net proceeds.
16.65.140 - Custodial account for consignor's proceeds—Authorized withdrawals—Accounts and records.
16.65.150 - Penalty for failure to disclose unsatisfied lien, mortgage.
16.65.160 - Delivery of proceeds and invoice to consignor or shipper.
16.65.170 - Records of licensee—Contents.
16.65.180 - Unjust, unreasonable, discriminatory rates or charges prohibited.
16.65.190 - Schedule of rates and charges.
16.65.200 - Licensee's bond to operate market or special open consignment horse sale.
16.65.230 - Licensee's bond to operate market—One bond for each market.
16.65.235 - Cash or other security in lieu of surety bond—Rules.
16.65.240 - Action on bond—Fraud of licensee.
16.65.250 - Action on bond—Failure to comply with chapter.
16.65.260 - Licensee's failure to pay vendor, consignor—Complaint—Director's powers and duties.
16.65.270 - Licensee's failure to pay vendor, consignor—Failure of vendor, consignor to file claim.
16.65.320 - Investigations by director—Complaints.
16.65.330 - Investigations—Powers of director.
16.65.350 - Examinations—Sanitary and health practices and standards—Rules.
16.65.360 - Facilities—Sanitation—Requirements.
16.65.370 - Watering, feeding facilities—Unlawful acts.
16.65.380 - Adequate facilities and space required for veterinarians to function.
16.65.400 - Weighing of livestock at public livestock market.
16.65.410 - Packer's interest in market limited.
16.65.424 - Additional sales days limited to sales of horses and/or mules.
16.65.430 - Information and records available to director and news services.