Idaho § 69-522 - Action on bond, certificate of deposit or irrevocable letter of credit by producers injured
Full text of Idaho Idaho Statutes § 69-522 — Action on bond, certificate of deposit or irrevocable letter of credit by producers injured, with citation guidance and answers to common questions.
§ 69-522. Action on bond, certificate of deposit or irrevocable letter of credit by producers injured
Any producer injured by the breach of any obligation for which a bond, certificate of deposit or irrevocable letter of credit is written, under the provisions of section 69-506 , Idaho Code, must petition the director to make demand upon the commodity dealer, certificate of deposit, irrevocable letter of credit or bond. The director may thereupon make demand for payment of such damages and in the event such damages are not promptly paid the director may commence an action to enforce payment of such damages. The liability of the bank on a certificate of deposit or irrevocable letter of credit, and the surety upon the bond required to be given by a commodity dealer as provided by section 69-506 , Idaho Code, for any one (1) annual licensing period shall be limited to the amount specified in the bond, certificate of deposit, or irrevocable letter of credit and in case of recoveries had by two (2) or more producers for violation of the conditions of this chapter in excess of the amount of the bond, certificate of deposit, or irrevocable letter of credit, such recovery shall be prorated and the total recovery for any one (1) annual licensing period shall not exceed the amount of the bond, certificate of deposit, or irrevocable letter of credit. In the event the director sues and obtains a judgment against the commodity dealer and/or his surety or bank for payment of such damages under this chapter, he shall be entitled to recover a reasonable attorney’s fee.
[69-522, added 1983, ch. 116, sec. 14, p. 257; am. 1990, ch. 184, sec. 9, p. 412; am. 2002, ch. 258, sec. 11, p. 755; am. 2003, ch. 149, sec. 4, p. 429.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 69-522
What does Idaho Statutes § 69-522 cover?
Section 69-522 ("Action on bond, certificate of deposit or irrevocable letter of credit by producers injured") 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 § 69-522?
A common citation format is "Idaho Statutes § 69-522" (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 § 69-522 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.