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Terms Used In Michigan Laws 290.724

  • Association: means a cooperative association of producers or a division thereof, or a federation of cooperative associations of producers, engaged in the marketing, bargaining, shipping, or processing of an agricultural commodity on behalf of its members who are producers of the agricultural commodity. See Michigan Laws 290.702
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the department of agriculture and rural development. See Michigan Laws 290.702
  • Handler: means a person other than an association engaged in the business or practice of any of the following:
    (i) Acquiring agricultural commodities from producers or associations for processing or sale. See Michigan Laws 290.702
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  •     Within 30 days after an accredited association negotiates a contract with a handler or receives a joint settlement committee award, it shall send to the department by registered mail a copy of the contract or award.