Sec. 41.210. REIMBURSEMENT OF BOARD BY GRAIN BUYER; SUBROGATION OF RIGHTS

Latest version.

(a) If the board pays a claim against a grain buyer, the board is subrogated to all rights of the grain producer against:
(1) the grain buyer, to the extent of the amount paid to a grain producer by the board; and
(2) any other entity from which the grain producer is entitled to a payment for the loss giving rise to the grain producer's claim under this subchapter.
(b) Funds recovered under this section shall be deposited with the depository bank selected by the board under Section 41.060.

Added by Acts 2011, 82nd Leg., R.S., Ch. 991 , Sec. 3, eff. September 1, 2011.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');