[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1434.13]

[Page 556]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1434_NONRECOURSE MARKETING ASSISTANCE LOAN AND LDP REGULATIONS FOR 
 
Sec.  1434.13  Transfer of producer's interest prohibited.

    Absent written approval from CCC, the producer shall not transfer 
either the remaining interest in, or right to redeem, the honey pledged 
as collateral for a loan on honey nor shall anyone acquire such interest 
or right. Subject to the provisions of Sec.  1434.17, a producer who 
wishes to liquidate all or part of a loan by contracting for the sale of 
the honey must obtain written approval from the county office on a form 
prescribed by CCC to remove a specified quantity of the honey from 
storage. Any such approval shall be subject to the terms and conditions 
set forth in the applicable form, copies of which may be obtained by 
producers at the county office.