Any producer entity, including a nonprofit cooperative association that severs a disqualifying beneficial ownership interest in a handler to whom it supplies bulk milk, shall not have trust fund coverage for future milk shipments to that handler for a period of 12 months after notice is given to the secretary of termination of the beneficial ownership interest unless a waiver is granted subject to Section 62587.
Cal. Food & Agric. Code § 62580.5
Milk Producers Security Trust Fund Coverage
Known as the Norman S. Waters-Ruben S. Ayala Milk Producers’ Security Act
The act spans §§ 62500–62667 (51 sections).
Amended by Stats. 2019, Ch. 304, Sec. 34
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.