Michigan Compiled Laws 266-2001-iv Article IV (288.510...288.518)

• Section 288.510 Purchasing Milk For Resale Or Manufacture Into Another Product; Payment; Manner; Dates; Issuance Of Check; Notation.
  (1) A person purchasing milk for resale or manufacture into another product shall pay the producer in a manner and on dates set by...
• Section 288.511 Security Device As Condition To Issuance And Maintenance Of License; Exemption.
  (1) The department shall revoke or deny a license for a milk plant if the licensee or applicant fails to provide 1 of the...
• Section 288.512 Milk Plant Not Providing Security Device; Audited Or Verified Financial Statement; Requirements.
  (1) A licensee or applicant for a license as a milk plant not providing a security device under section 43 or 44 shall provide...
• Section 288.513 Other Forms Of Security; Terms And Conditions; Value.
  (1) A licensee or applicant for a license as a milk plant not providing a security device under section 42 or 44 shall provide...
• Section 288.514 Prepayment.
  A licensee or applicant for licensure as a milk plant not providing a security device under section 42 or 43 shall provide an agreement...
• Section 288.515 Cancellation Or Modification Of Security Device; Milk Plant As First Receiving Point For Milk; Milk Sold In Interstate Commerce; Choice Of Independent Audit Or Voluntary Security Modification; Cost Of Audit; Payment; Failure Of Milk Plant To Meet Minimum Liquidity Requirement.
  (1) A milk plant shall not cancel or modify a security device unless written notice is given to the department by the milk plant...
• Section 288.516 Change In Security Device; Circumstances; Decision By Department To Require Modification Of Security Device; Notice To Producers Shipping Milk.
  (1) A milk plant may request a change in its security device at any time. The department shall allow the change in the milk...
• Section 288.517 Breach Of Secured Obligation; Filing Verified Proof Of Claim Or Evidence Of Default; Entry Of Department Order Requiring Creditors To File Claims; Publication Of Order; Audit By Department; Order Allowing Or Disallowing Each Claim; Collection Of Amount From Licensee Or Surety To Satisfy Claims; Action By Attorney General; Award Of Interest; Other Lien, Security, Or Priority.
  (1) A person injured by the breach of an obligation secured by a security device described in section 42, 43, or 44, including, but...
• Section 288.518 License Issued, Renewed, Or Modified; Notice To Producers Delivering Milk; Form.
  The department shall notify producers delivering milk to a licensed milk plant any time a license is issued, renewed, or modified. The notice sent...

Last modified: October 10, 2016