Idaho Administrative Code
Title IDAPA 02 - Agriculture, Department of
Rule 02.02.12 - BONDED WAREHOUSE RULES
Section 02.02.12.483 - TRUST FUNDS
Universal Citation: ID Admin Code 02.02.12.483
Current through August 31, 2023
All assessments collected by warehouses and dealers in compliance with Chapters 2 and 5, Title 69, Idaho Code, shall, immediately upon payment to and collection by the warehouse or dealer, be trust fund money and held for payment to the Department for the CIF. Such money shall not, for any purpose, be considered to be a part of the proceeds of any transaction between a depositor and warehouse or dealer for which the collection and payment of the assessment was related and shall not be subject to an encumbrance, security interest, execution or seizure on account of any debt owed by the warehouse or dealer to any of their creditors. (3-15-22)
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