[USC02] 7 USC 7217: Transfer or change of interest in lands subject to contract
Result 1 of 1
   
 
7 USC 7217: Transfer or change of interest in lands subject to contract Text contains those laws in effect on July 18, 2019
From Title 7-AGRICULTURECHAPTER 100-AGRICULTURAL MARKET TRANSITIONSUBCHAPTER II-PRODUCTION FLEXIBILITY CONTRACTS
Jump To: Source Credit

§7217. Transfer or change of interest in lands subject to contract

(a) Termination

Except as provided in subsection (c), a transfer of (or change in) the interest of an owner or producer subject to a contract in the contract acreage covered by the contract shall result in the termination of the contract with respect to the acreage, unless the transferee or owner of the acreage agrees to assume all obligations under the contract. The termination shall be effective on the date of the transfer or change.

(b) Modification

At the request of the transferee or owner, the Secretary may modify the contract if the modifications are consistent with the objectives of this subchapter, as determined by the Secretary.

(c) Exception

If an owner or producer who is entitled to a contract payment dies, becomes incompetent, or is otherwise unable to receive the contract payment, the Secretary shall make the payment, in accordance with regulations prescribed by the Secretary.

( Pub. L. 104–127, title I, §117, Apr. 4, 1996, 110 Stat. 904 .)