7-U.S.C.-1308-5
§1308-5 – §1308-5. Treatment of Multiyear Program Contract Payments
Pathway
Title 7 > Chapter 35 > Subchapter II > Part A > Section 1308-5
Details
- Reference: Section 1308-5
- Legend: §1308-5 – §1308-5. Treatment of Multiyear Program Contract Payments
- USCode Year: 2013
Provision Content
(a) In general
Notwithstanding any other provision of law, in the event of a transfer of ownership of land (or an ownership interest in land) by way of devise or descent, the Secretary of Agriculture may, if the new owner succeeds to the prior owners contract entered into under title XII, executed prior to such devise or descent.
(b) Limitation
Payments made pursuant to this section shall not exceed the amount to which the previous owner was entitled to receive under the terms of the contract at the time of the death of the prior owner.
(Pub. L. 99–198, title X, §1001F, formerly §1001E, as added Pub. L. 101–624, title XI, §1111(h), Nov. 28, 1990, 104 Stat. 3499; renumbered §1001F, Pub. L. 107–171, title I, §1604(1), May 13, 2002, 116 Stat. 215.)
References in Text
Title XII, referred to in subsec. (a), is title XII of the Food Security Act of 1985, Pub. L. 99–198, Dec. 23, 1985, 99 Stat. 1504, as amended, popularly known as the Sodbuster Law”, which is classified principally to chapter 58 (§3801 et seq.) of Title 16, Conservation. For complete classification of title XII to the Code, see Tables.
Codification
Section was enacted as part of the Food Security Act of 1985, and not as part of the Agricultural Adjustment Act of 1938 which comprises this chapter.
Effective Date
Section effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as an Effective Date of 1990 Amendment note under section 1421 of this title.
U.S. Encyclopedia of Law Coverage
7-U.S.C.-1308-2 in the Legal Encyclopedia: Agriculture
In this entry about 7-U.S.C.-1308-2, find legal reference material, bibliographies and premiere content related to agriculture in the American Encyclopedia of Law, presenting a comprehensive view of the United States agriculture-specific issues, written by authorities in the field.
7-U.S.C.-1308-4 in the Legal Encyclopedia: Loans
In this entry about 7-U.S.C.-1308-4, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.
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