Statute · California Food and Agricultural Code
Cal. Food & Agric. Code § 61407.3 — Bonding and Payment for Manufacturing Milk
Cal. Food & Agric. Code § 61407.3
- Type
- Statute
- Source
- California Food and Agricultural Code
- Jurisdiction
- California
- Date
- 1987-07-10
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Food & Agric. Code § 61407.3 — Bonding and Payment for Manufacturing Milk is in force in the current edition of the Code, and nothing recorded condemns it.
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.