Louisiana Revised Statutes 3:3414.1 – Prompt payment
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 3:3414.1
- Contract: A legal written agreement that becomes binding when signed.
- Grain: means corn, wheat, oats, rye, soybeans, barley, and grain sorghum. See Louisiana Revised Statutes 3:3402
- Producer: means the owner, tenant, lessee, or operator of land within this state who has an interest in or receives all or any part of the proceeds from the sale of agricultural commodities produced thereon. See Louisiana Revised Statutes 3:3402
Each grain dealer who purchases grain from producers under a spot price or daily market contract shall pay the producer for the grain within ten working days after the day the grain is delivered pursuant to the contract of sale.
Added by Acts 1983, No. 340, §1.