U.S Code last checked for updates: Nov 22, 2024
§ 196.
Statutory trust established; livestock
(a)
Protection of public interest from inadequate financing arrangements
(b)
Livestock, inventories, receivables and proceeds held by packer in trust for benefit of unpaid cash sellers; time limitations; exempt packers; effect of dishonored instruments; preservation of trust benefits by seller
(c)
Definition of cash sale
(Aug. 15, 1921, ch. 64, title II, § 206, as added Pub. L. 94–410, § 8, Sept. 13, 1976, 90 Stat. 1251.)
cite as: 7 USC 196