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CHAPTER 154 AN ACT AMENDING G. 8 106-498 RELATING TO THE FINANCIAL RESPONSIBILITY OF HANDLERS OF FARM PRODUCTS. The General Assembly of North Carolina do enact:
G. S. 106-498, as the same appears in Replacement 1966 Volume 3A of the General Statutes, is amended by rewriting the first two sentences thereof to read as follows: Establishment of Financial Responsibility Before Permit Issued; Bond. No such permit shall be issued to any handler who is not operating on a strictly cash basis and who is incurring or may incur financial liability to any grower, until such person, firm, or corporation shall furnish to the Commissioner of Agriculture sufficient and satisfactory evidence of their ability to carry out their contract or furnish a satisfactory bond in an amount not less than ten thousand dollars ($10,000.00). The Commissioner of Agriculture may require a new bond or additional bonds when he finds it necessary for the protection of the producer.