Washington § 22.09.451 - Grain indemnity fund program — Payment limitations.

Full text of Washington Revised Code of Washington § 22.09.451 — Grain indemnity fund program — Payment limitations., with citation guidance and answers to common questions.

§ 22.09.451. Grain indemnity fund program — Payment limitations.

Subject to the provisions of RCW 22.09.456 and 22.09.461 and to a maximum payment of seven hundred fifty thousand dollars on all claims against a single licensee, approved claims against a licensed warehouse operator or licensed grain dealer shall be paid from the grain indemnity fund in the following amounts:
(1) Approved claims against a licensed warehouse operator shall be paid in full;
(2) Approved claims against a licensed grain dealer for payments due within thirty days of transfer of title shall be paid in full for the first twenty-five thousand dollars of the claim. The amount of such a claim in excess of twenty-five thousand dollars shall be paid to the extent of eighty percent;
(3) Approved claims against a licensed grain dealer for payments due between thirty and ninety days of transfer of title shall be paid to the extent of eighty percent;
(4) Approved claims against a licensed grain dealer for payments due after ninety days from transfer of title shall be paid to the extent of seventy-five percent;
(5) In the event that approved claims against a single licensee exceed seven hundred fifty thousand dollars, recovery on those claims shall be prorated.
[ 2011 c 336 s 633; 1987 c 509 s 16.]

Notes

Severability—1987 c 509: See note following RCW 22.09.060.

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Frequently Asked Questions About Washington § 22.09.451

What does Revised Code of Washington § 22.09.451 cover?

Section 22.09.451 ("Grain indemnity fund program — Payment limitations.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 22.09.451?

A common citation format is "Revised Code of Washington § 22.09.451" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 22.09.451 apply to my situation?

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Sources & Verification

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