(225 ILCS 660/25) (from Ch. 5, par. 2751-25)
Sec. 25. Prompt payment. The registrant shall pay producers for specialty farm products purchased within 30 days of the date the specialty farm products are sold to a buyer or his or her designated agent, or other period of time as agreed upon, in writing, and signed by the purchaser and the specialty farm product producer. If payment is made under a written contract on or after the occurrence of an event at an unspecified time in the future, prompt payment shall mean 30 days from the date on which the producer knew or reasonably should have known of the occurrence of the event.
Failure of a specialty farm product buyer to comply with this Section constitutes grounds for registration suspension or revocation or subjects the violator to the penalties of Section 40.
(Source: P.A. 87-171.)
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Last modified: February 18, 2015