Idaho § 69-260 - Financial difficulties - Additional bond or security required
Full text of Idaho Idaho Statutes § 69-260 — Financial difficulties - Additional bond or security required, with citation guidance and answers to common questions.
§ 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.
[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.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 69-260
What does Idaho Statutes § 69-260 cover?
Section 69-260 ("Financial difficulties - Additional bond or security required") is part of the Idaho Statutes, the codified statutory law of Idaho. 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 Idaho § 69-260?
A common citation format is "Idaho Statutes § 69-260" (Idaho). 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 Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 69-260 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho 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 Idaho.