Delaware § 3174 Distribution of proceeds of bond or collateral

Delaware Statutes

§ 3174 — Distribution of proceeds of bond or collateral

Delaware § 3174

JurisdictionDelaware

Title3

PartMarketing of Agricultural Products

Ch. 31MILK, CREAM AND OTHER MILK PRODUCTS; CONTAINERS

Subch.Dealers’ and Handlers’ Bonds

This text of Delaware § 3174 (Distribution of proceeds of bond or collateral) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 3, § 3174 (2026).

Text

The Department of Agriculture shall prescribe the procedure for the payment, out of the proceeds of any bond or collateral required by this subchapter, of the amounts found due to producers or handlers or dealers, based on sales or deliveries of milk by them to a milk dealer or handler who has posted a bond or collateral. If the proceeds of a bond or of collateral which has been posted by a milk dealer or handler shall be insufficient to pay in full the amounts due to producers who have sold or supplied milk to such milk dealer or handler, the moneys available shall be divided pro rata among such producers.

Free access — add to your briefcase to read the full text and ask questions with AI

The Department of Agriculture shall prescribe the procedure for the payment, out of the proceeds of any bond or collateral required by this subchapter, of the amounts found due to producers or handlers or dealers, based on sales or deliveries of milk by them to a milk dealer or handler who has posted a bond or collateral. If the proceeds of a bond or of collateral which has been posted by a milk dealer or handler shall be insufficient to pay in full the amounts due to producers who have sold or supplied milk to such milk dealer or handler, the moneys available shall be divided pro rata among such producers.