§ 982.460 - Transfer of excess restricted credits.

§ 982.460 Transfer of excess restricted credits.

(a) Notification. Each handler having excess restricted credits who wants to transfer all or a portion thereof to another handler or handlers, may notify the Board accordingly. The Board shall make available to all handlers such information on a weekly basis.

(b) Application. Each handler who has excess restricted credits and desires to transfer them to another handler, may submit such request to the Board on F/H Form 3. This form shall include:

(1) The name and signature of the handler requesting the transfer;

(2) The name and signature of the designated handler to whom the transfer is to be made;

(3) The amount of excess restricted credits to be transferred; and

(4) Such other information as may be needed by the Board to enable the Board to effect the requested transfer of the excess restricted credits.

(c) Transfer. The Board shall transfer the requested amount of the excess restricted credits from one handler to a designated handler upon receipt of a completed F/H Form 3 together with such information as may be required by this section.

[37 FR 3630, Feb. 18, 1972, as amended at 54 FR 46721, Nov. 7, 1989]