Idaho § 69-514 - Credit-sale contracts
Full text of Idaho Idaho Statutes § 69-514 — Credit-sale contracts, with citation guidance and answers to common questions.
§ 69-514. Credit-sale contracts
(1) A commodity dealer who purchases agricultural commodities by credit-sale contracts shall maintain books, records and other documents as required by the department to establish compliance with the provisions of this section.
(2) In addition to other information as may be required, a credit-sale contract shall contain or make provision for all of the following:
(a) The seller’s name and address;
(b) The conditions of delivery;
(c) The amount and kind of agricultural commodities delivered;
(d) The price per unit or basis of value; and
(e) The date payment is to be made.
(3) Title to all agricultural commodities sold by a contract is in the purchasing dealer as of the time the contract is signed, unless the contract provides otherwise. The contract must be signed by all parties and executed in duplicate. One (1) copy shall be retained by the commodity dealer and one (1) copy shall be delivered to the seller. Upon revocation or termination of a commodity dealer’s license, the payment date for all credit-sale contracts shall be advanced to a date not later than thirty (30) days following the effective date of the revocation or termination and the purchase price for all agricultural commodities without a price shall be determined as of the effective date of revocation or termination in accordance with all other provisions of the contract. However, if the business of the commodity dealer is sold to another licensed commodity dealer, credit-sale contracts may be assigned to the purchaser of the business.
[69-514, added 1982, ch. 94, sec. 2, p. 182; am. 1983, ch. 116, sec. 8, p. 254; am. 1990, ch. 184, sec. 6, p. 411.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 69-514
What does Idaho Statutes § 69-514 cover?
Section 69-514 ("Credit-sale contracts") 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 § 69-514?
A common citation format is "Idaho Statutes § 69-514" (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 § 69-514 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.