Current through November, 2024
Section 4-48-9 - Remittance to producer(a) Commission merchants shall remit in full the amount realized from consignment sales, including collections, overcharges, and damages, less the agreed commission and other charges, together with a complete account of sales, to the producer-consignor within ten days after receipt of the money, unless otherwise agreed to in writing.(b) Every dealer, processor, agent, or retail merchant shall make payment in full to the producer for farm products purchased or if a broker, for the negotiated purchase or sale of farm products, at the time and in the manner specified in a contract or agreed to by the producer in writing. If no payment time is set by a contract or in writing at the time of delivery, payment shall be made within thirty days from delivery or acceptance of the farm product.[Eff 5/29/81; am and comp 3/24/86] (Auth: HRS § 145-15) (Imp: HRS § 145-6)