Statutes » Idaho » Code » Chapter 2

Idaho Code § 69-260

This is the official text of Idaho Code § 69-260, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

69-260 FINANCIAL DIFFICULTIES — ADDITIONAL BOND OR SECURITY REQUIRED.

Official statutory text

69-260. Financial difficulties — Additional bond or security required. The department may, when it has reason to believe that a licensee does not have the ability to pay producers for commodities purchased, or when it determines that the licensee does not have a sufficient net worth to outstanding financial obligations ratio, require from the licensee the posting of a bond or other additional security in an amount to be prescribed by rule. The additional security may exceed the maximum amount set forth in this chapter. Failure of the licensee to timely post the additional bond or other security constitutes grounds for suspension or revocation of a license issued under this chapter. The licensee may request a hearing regarding the decision to increase the amount of security required or the revocation or suspension of a license pursuant to this section and may appeal such decisions pursuant to the procedure set out in section 69-246, Idaho Code.

History:

[69-260, added 1988, ch. 350, sec. 2, p. 1037; am. 1989, ch. 320, sec. 5, p. 830; am. 1990, ch. 183, sec. 9, p. 405.]

Status: in_force · Read it on the official government site

Need a lawyer in Idaho?

Find a Idaho lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.