§ 106-418.6. Action upon failure of payment. - North Carolina Statutes

§ 106‑418.6. Action upon failure of payment.

It shall be the duty and responsibility of each public livestock marketto report to the Commissioner within 24 hours after having knowledge that acheck or draft issued in payment for livestock has been dishonored or that abuyer of livestock at auction has not fulfilled his obligation to pay forlivestock within the prescribed time in G.S. 106‑418.5. It shall be theduty and responsibility of the Commissioner to notify all public livestockmarkets of the fact of dishonor of any such check issued or the failure tohonor any draft upon presentation used in payment for livestock or due to thelack of satisfactory payment for livestock. (1973, c. 38, s. 6.)