Sec. 181.003. TIME AND METHOD OF PAYMENT FOR PURCHASE. (a) A milk processor may not purchase raw milk from a dairy farmer unless:
(1) payment of the purchase price is made according to the provisions prescribed by an applicable federal milk marketing order;
(2) any additional provisions are agreed on by both the dairy farmer or his agent and the milk processor; and
(3) the medium of exchange used is cash, a check for the full amount of the purchase price, or a wire transfer of money in the full amount.
(b) For purposes of this chapter, a payment delivered by a milk processor to the applicable federal milk market administrator on behalf of a dairy farmer in compliance with the terms of an applicable federal milk marketing order is considered to be delivery of payment to the dairy farmer.
Added by Acts 1987, 70th Leg., ch. 1083, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 676, Sec. 4, eff. Sept. 1, 1989.
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