§ 35-36-310 — Daily reports and settlements

Colorado § 35-36-310

• Jurisdiction: Colorado
• Title 35: Agriculture
• Art.: Commodities Handlers and Farm Products

Text

(1) When requested by a dealer's
consignor, the dealer, before the close of the next business day following the sale
of any farm products consigned to the dealer, shall transmit or deliver to the owner
or consignor a true written report of the sale, showing the amount sold and the
selling price. The dealer shall make remittance in full to the consigner of the
amount realized from the sale, including all collections, overcharges, and damages,
less the agreed commission and other charges together with a complete account of
sales within ten days after the receipt of the money by the dealer unless otherwise
agreed to in writing. In the account, the names and addresses of purchasers need
not be given, except as required in section 35-36-308.

(2) Every dealer shall retain a copy of the record covering each consignment
transaction for a period of one year after the date of the consignment transaction,
which copy the dealer shall, at all times, make available for, and open to, inspection
by the commissioner and the consignor or the authorized representative of either.

(3) Every dealer shall pay for farm products delivered to the dealer on the
date and in the manner specified in the contract with the owner or, if no date is set
by the contract or on the date of the delivery, within thirty days after the date of the
delivery or the taking possession of the farm products.

Legislative History

Source: L. 2020: Entire article amended with relocations, (HB 20-1213), ch. 160, p. 750, � 2, effective June 29.