Georgia § 4-6-47 - When payment for livestock purchased due; disposition of proceeds; methods of payment.
Full text of Georgia Official Code of Georgia Annotated § 4-6-47 — When payment for livestock purchased due; disposition of proceeds; methods of payment., with citation guidance and answers to common questions.
§ 4-6-47. When payment for livestock purchased due; disposition of proceeds; methods of payment.
Payment for livestock purchased at auction shall be made on the same date of the purchase of the livestock, except that persons regulated by the provisions of the federal Packers and Stockyards Act may make payment by placing in the mail a check on the day following the date of purchase. The proceeds from the sale of livestock shall be deposited by the livestock sales establishment in the custodial account not later than the next banking day following the date of sale or receipt of payment by mail. Payment for livestock purchased at auction shall be made by cash, check, draft, or transfer of funds by wire. No loans shall be made from the custodial account of any livestock sales establishment to any purchaser of livestock at that sales establishment. (Ga. L. 1971, p. 71, § 1; Ga. L. 1978, p. 2061, § 1; Ga. L. 1983, p. 1161, § 1.) U.S. Code. - The Packers and Stockyards Act, referred to in this Code section, is codified as 7 U.S.C. § 181 et seq. Administrative Rules and Regulations. - Payment for livestock purchased at auction, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Georgia Department of Agriculture, Chapter 40-13-11.
Frequently Asked Questions About Georgia § 4-6-47
What does Official Code of Georgia Annotated § 4-6-47 cover?
Section 4-6-47 ("When payment for livestock purchased due; disposition of proceeds; methods of payment.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 4-6-47?
A common citation format is "Official Code of Georgia Annotated § 4-6-47" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 4-6-47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.