7 U.S.C. § 7217 — Transfer or change of interest in lands subject to contract
submitted 30 years ago by Pub. L. 104-127 to r/title-7-AGRICULTURE · 147 words · no verdicts yet
This section generally ends a farm contract when the covered interest changes hands. It allows the new owner to assume the obligations, permits certain contract changes, and addresses payments when the entitled person cannot receive them.
(a) Termination Except as provided in subsection (c), a transfer of (or change in) the interest of an owner or producer* subject to a contract* in the contract acreage* covered by the contract shall result in the termination of the contract with respect to the acreage, unless the transferee or owner of the acreage agrees to assume all obligations under the contract. The termination shall be effective on the date of the transfer or change. (b) Modification At the request of the transferee or owner, the Secretary* may modify the contract if the modifications are consistent with the objectives of this subchapter, as determined by the Secretary. (c) Exception If an owner or producer who is entitled to a contract payment* dies, becomes incompetent, or is otherwise unable to receive the contract payment, the Secretary shall make the payment, in accordance with regulations prescribed by the Secretary.
Except as provided in subsection (c), a transfer of (or change in) the interest of an owner or producer* subject to a contract* in the contract acreage* covered by the contract shall result in the termination of the contract with respect to the acreage, unless the transferee or owner of the acreage agrees to assume all obligations under the contract. The termination shall be effective on the date of the transfer or change.
At the request of the transferee or owner, the Secretary* may modify the contract if the modifications are consistent with the objectives of this subchapter, as determined by the Secretary.
If an owner or producer who is entitled to a contract payment* dies, becomes incompetent, or is otherwise unable to receive the contract payment, the Secretary shall make the payment, in accordance with regulations prescribed by the Secretary.
Source credit: (Pub. L. 104–127, title I, § 117, Apr. 4, 1996, 110 Stat. 904.)
- 1996Enacted · Pub. L. 104-127 · 110 Stat. 904
A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-127 on 1996-04-04.
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