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Code · STATUTE-COMPILATIONS · Clarification of Treatment of Electronic Sales of Livestock Act of 2016 · Sec. 3

Sec. 3. METHODS TO TRANSFER FUNDS

120 words·~1 min read·/statute-compilations/comps-12206/sec-3

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## SEC. 3 METHODS TO TRANSFER FUNDS Section 409(a) of the Packers and Stockyards Act, 1921 (7 U.S.C. 228b(a)) is amended— ####
(1)in the first proviso, by striking “shall wire transfer funds to the seller’s account” each place it appears and inserting “shall transfer funds for the full amount of the purchase price to the account of the seller by wire, electronic funds transfer, or any other expeditious method determined appropriate by the Secretary”; and ####
(2)in the second proviso, by striking “or dealer shall wire transfer funds” and inserting “or dealer shall transfer funds for the full amount of the purchase price by wire, electronic funds transfer, or any other expeditious method determined appropriate by the Secretary”.
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Sec. 3
METHODS TO TRANSFER FUNDS
U.S.C.§ 228b
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