Idaho § 22-5127 MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY

Idaho Statutes

§ 22-5127 — MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY

Idaho § 22-5127

Title 22AGRICULTURE AND HORTICULTURE

Ch. 51SEED INDEMNITY FUND LAW

This text of Idaho § 22-5127 (MINIMUM BALANCE FOR CLAIMS — TERMINATION OF LIABILITY) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 22-5127 (2026).

Text

No claims of producers shall be paid when the balance in the seed indemnity fund is reduced to two hundred fifty thousand dollars ($250,000). If the director cannot fully pay producers’ claims without exceeding the minimum balance, he shall pay claims pro rata until the seed indemnity fund contains sufficient funds to pay claims in full. In no case shall the fund be liable for those claims not fully paid within three (3) years of submission of the claim.

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No claims of producers shall be paid when the balance in the seed indemnity fund is reduced to two hundred fifty thousand dollars ($250,000). If the director cannot fully pay producers’ claims without exceeding the minimum balance, he shall pay claims pro rata until the seed indemnity fund contains sufficient funds to pay claims in full. In no case shall the fund be liable for those claims not fully paid within three (3) years of submission of the claim.