Kansas HB2254 mandates milk processors to hold payments in trust for milk producers until full payment is received.
Kansas HB2254 requires milk processors to hold payments in trust for milk producers until full payment is received, with funds in escrow considered held in trust. Milk processors must establish escrow accounts for milk producer payments, with specific conditions for deposits and account management. Milk processors are liable for unpaid raw milk, including purchase price, interest, and attorney fees. The act does not apply to transactions between a cooperative association and its members.
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