Idaho Administrative Code
Title IDAPA 02 - Agriculture, Department of
Rule 02.02.13 - COMMODITY DEALERS' RULES
Section 02.02.13.451 - ADDITIONAL BONDING REQUIREMENTS
Universal Citation: ID Admin Code 02.02.13.451
Current through September 2, 2024
In addition to Section 69-506, Idaho Code, if it appears the licensee does not have the ability to pay producers for commodities purchased, or when it appears the licensee does not have a sufficient net worth to outstanding financial obligations ratio, the licensee may be required to post a bond or other additional acceptable security in the amount of two thousand dollars ($2,000) for each one thousand dollars ($1,000) or fraction thereof of deficiency.
Effective July 1, 2024
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