M-35.1 - Act respecting the marketing of agricultural, food and fish products

Section 154 Disposition versions

1990-09-12

154. A marketing board may pass a by-law to set up a fund to guarantee payment of all or part of any sum due to producers following the marketing of the product marketed under the plan it administers, and fix the terms and conditions governing the management of the fund.

The by-law may provide for

(1)  the imposition of and methods of collecting from the producers contributions required to set up the fund;

(2)  classification of producers into groups and the level of contribution to be paid by each producer according to the group to which he belongs;

(3)  the requirements a producer must fulfil and the procedure he must follow to file a claim with the fund, and the percentage of the debt owed to him he will be entitled to claim;

(4)  the time when the claim of a producer becomes exigible;

(5)  the possibility for the board to pay a producer advances from the fund, toward the payment of his claim;

(6)  the possibility for the board to determine the proportion of his claim to be received by each creditor when funds are insufficient to cover the claims of all the producers;

(7)  the procedure applicable to the winding up of the fund.

The by-law shall be submitted for ratification to a general meeting of the producers subject to the plan held for that purpose.

1990, c. 13, s. 154.