Regulations last checked for updates: Jun 16, 2024

Title 7 - Agriculture last revised: Nov 16, 2024
§ 985.156 - Transfer of excess oil by producers.

(a) Pursuant to § 985.56(a), before December 1 of each marketing year, a producer, following notification of the Committee, may transfer excess oil to another producer to enable that producer to fill a deficiency in that producer's annual allotment.

(b) Pursuant to § 985.56(b), before December 1 of each marketing year, excess oil not used to fill another producer's deficiency shall be delivered to the Committee or its designees for storage.

[78 FR 9577, Feb. 11, 2013]
authority: 7 U.S.C. 601-674.
source: 45 FR 25040, Apr. 14, 1980, unless otherwise noted.
cite as: 7 CFR 985.156