Idaho § 69-510 PAYMENT OF PURCHASE PRICE

Idaho Statutes

§ 69-510 — PAYMENT OF PURCHASE PRICE

Idaho § 69-510

Title 69WAREHOUSES

Ch. 5COMMODITY DEALER LAW

This text of Idaho § 69-510 (PAYMENT OF PURCHASE PRICE) 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 § 69-510 (2026).

Text

A person required to be licensed as a commodity dealer under the provisions of this chapter shall pay the purchase price to the owner or his agent for agricultural commodities upon delivery or demand by the owner or agent, but not later than thirty (30) days after delivery by the owner or agent, unless otherwise agreed to by the parties in writing. As used in this section, "delivery" means the transfer of title to and possession of agricultural commodities by the owner or agent to the commodity dealer or to another person in accordance with the agreement of the owner or agent and the commodity dealer. As used in this section, "payment" means the actual payment or tender of payment by the commodity dealer to the owner or agent of the agreed purchase price.

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A person required to be licensed as a commodity dealer under the provisions of this chapter shall pay the purchase price to the owner or his agent for agricultural commodities upon delivery or demand by the owner or agent, but not later than thirty (30) days after delivery by the owner or agent, unless otherwise agreed to by the parties in writing. As used in this section, "delivery" means the transfer of title to and possession of agricultural commodities by the owner or agent to the commodity dealer or to another person in accordance with the agreement of the owner or agent and the commodity dealer. As used in this section, "payment" means the actual payment or tender of payment by the commodity dealer to the owner or agent of the agreed purchase price.

Legislative History

[69-510, added 1982, ch. 94, sec. 2, p. 181; am. 1983, ch. 116, sec. 6, p. 253; am. 1990, ch. 184, sec. 4, p. 410; am. 2002, ch. 258, sec. 5, p. 753.]