Agricultural Marketing Programs Act

Version of section 17 from 2002-12-31 to 2006-11-26:

Marginal note:Deductions on delivery
  •  (1) If a delivery of a crop is made under a permit book that bears an endorsement, the person receiving the delivery shall

    • (a) deduct and pay to the Board, in priority to all other persons, the portion of the payment for the crop that the repayment agreement with the producer authorizes to be deducted from each payment until the advance has been repaid; and

    • (b) make an appropriate entry of the deduction in the permit book and in any other permit book that has the same endorsement and is presented to the person receiving the delivery.

  • Marginal note:Cancellation of endorsement

    (2) When the guaranteed advance has been repaid, the Board must cancel the endorsement.