Tennessee Code 43-20-216 – Agreements for collection of assessments or collateral
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Terms Used In Tennessee Code 43-20-216
- Board: means the Tennessee soybean promotion board established by §. See Tennessee Code 43-20-203
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The board may enter into an agreement with the federal commodity credit corporation to collect the specified assessment on all soybeans pledged as collateral for a commodity credit corporation price support loan or purchased by the commodity credit corporation under its loan or its purchase programs.