California Court of Appeal April 6, 1995, A065778 (Jacobs, Malcolm & Burtt v. Voss)

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United States · · · 06-04-1995

Opinion

PHELAN, J.

Food and Agricultural Code section 56707

1

requires the Director of the Department of Food and Agriculture (the Director) to pay compensation out of a specified fund to farm products creditors who suffer losses when a licensed processor, broker, merchant, reseller, or dealer defaults on its obligations. Section 56708 places a ceiling on the amount of such payments.

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