Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
SubChapter B - Loans, Purchases, and Other Operations |
Part 1430 - Dairy Products |
Subpart A - Margin Protection Program for Dairy Producers |
§ 1430.119 - Estates, trusts, and minors.
Latest version.
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§ 1430.119 Estates, trusts, and minors.
(a) MPP-Dairy documents executed by producers legally authorized to represent estates or trusts will be accepted only if such producers furnish evidence of the authority to execute such documents.
(b) A minor who is otherwise eligible for benefits under this subpart is also required to:
(1) Establish that the right of majority has been conferred on the minor by court proceedings or by law;
(2) Show that a guardian has been appointed to manage the minor's property and the applicable MPP-Dairy documents are executed by the guardian; or
(3) Furnish a bond under which the surety guarantees any loss incurred for which the minor would be liable had the minor been an adult.