PACKERS & STOCKYARDS
On December 27, 2020, Dealer Statutory Trust was signed into law. The creation of a Dealer Statutory Trust improves financial recovery for unpaid sellers in the event of a dealer default. Dealer Statutory Trust gives unpaid sellers of livestock first priority to reclaim livestock or, if they have been resold, the proceeds/receivables from livestock.
Background Information & Legislation
Dealer Trust Infographic
Common Industry Questions
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