State Codes and Statutes
Statutes > Minnesota > 17-43 > 31B > 31B_0631B.06 PACKER AND PROCESSOR ACCOUNTING REQUIREMENTS.
Hog, cattle, sheep, and dairy processors with annual sales greater than $10,000,000 are required to conduct all financial transactions relating to a contract feeding operation through a separate and exclusive bank account. This separate account is subject to audit and inspection at any reasonable time by the commissioner.
Grain and feed businesses with annual sales greater than $10,000,000 are required to conduct all financial transactions relating to contract feeding of hogs, cattle, sheep, or dairy cows through a separate and exclusive bank account. This separate account is subject to audit and inspection at any reasonable time by the commissioner.
History:
1990 c 530 s 25
