Missouri Code of State Regulations
Title 2 - DEPARTMENT OF AGRICULTURE
Division 60 - Grain Inspection and Warehousing
Chapter 5 - Missouri Grain Dealer's Law
Section 2 CSR 60-5.020 - Interpretive Rule
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This rule explains the interpretation made by the Missouri Department of Agriculture of provisions contained in sections 276.401-276.582, RSMo which may be confusing or subject to differing interpretations by interested members of the public.
(1) The provisions of section 276.426(2), RSMo, is deemed to mean-
(2) For the purposes of determining coverage under the licensed grain dealer's security, grain for which a check was issued as payment by a licensed grain dealer that was not paid by the grain dealer's bank, for whatever reason, shall be deemed to be a grain dealer obligation as if the check was never written (priced but unpaid, deferred payment, delayed price, or minimum price).
*Original authority: 276.406, RSMo 1980, amended 1986, 1993, 1995.