Statutes, codes, and regulations
Mississippi Administrative Code
Title 2 - Agriculture and CommercePart 1 - Rules of the Mississippi Department of Agriculture and CommerceSubpart 2 - Administrative RulesChapter 10 - Grain Warehouses
Price Later contracts
Section 2-1-2-10-116.01

2 Miss. Code. R. 1-2-10-116.01

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Current through December 10, 2024
Section 2-1-2-10-116.01

"Price Later Contract," "Basis Contract," "Deferred Price Contract," "Delayed Price Contract," "Growers Option Contract" or similar agreement means a complete written contract and it constitutes a bona fide sale and a change in ownership when either the price for the grain or the formula for determining the price has been agreed upon and the contract obligation is either paid in full or carried as an account payable.

2 Miss. Code. R. 1-2-10-116.01