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Agricultural Marketing Programs Act

Version of section 12 from 2006-11-27 to 2016-02-04:

Marginal note:Security

 An administrator that makes a guaranteed advance to a producer in a production period in respect of an agricultural product shall take the security required by the regulations, for the amount of the producer’s liability under sections 22 and 23, in the agricultural product for which the advance was made, in any agricultural product produced in a subsequent production period by the producer and, subject to the repayment agreement, in any amount that may be received by the producer under a program listed in the schedule.

  • 1997, c. 20, s. 12
  • 2006, c. 3, s. 7

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