California Statutes
§ 61407.3. — 61407.3. (Added by Stats. 1987, Ch. 156, Sec. 8.)
California·Code FAC Food and Agricultural Code - FAC·Div. 21. DIVISION 21. MARKETING·Part 3. PART 3. MARKETING LAWS REGARDING PARTICULAR PRODUCTS·Ch. 1. CHAPTER 1. Marketing of Milk and Other Dairy Products·Art. 5. ARTICLE 5. Bonding and Payment for Manufacturing Milk
Payments by a handler to a producer, for the purposes of any action on a handler’s bond for any year, shall be credited first to interest and then to principal due, owed, and unpaid. Amounts to be applied to the principal shall be applied first to the amount owed for the most recent deliveries and then successively, in descending order, to the amounts owed to the next most recent deliveries.
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California § 61407.3. (61407.3. (Added by Stats. 1987, Ch. 156, Sec. 8.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1987, Ch. 156, Sec. 8. Effective July 10, 1987.