7 CFR 760.25
§ 760.25 Estates and trusts; minors.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 760.25, § 760.25 Estates and trusts; minors, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19564
- Permanent ID
ys:prov:19564@1- SHA-256
46a8c15b7e177902849cca54e9e5757dbe3e1bf92e8ff437a5542368684c530f
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Full text
(a) A receiver of an insolvent debtor's estate and the trustee of a trust estate shall, for the purpose of this subpart, be considered to represent an insolvent affected farmer or manufacturer and the beneficiaries of a trust, respectively, and the production of the receiver or trustee shall be considered to be the production of the person or manufacturer he represents. Program documents executed by any such person will be accepted only if they are legally valid and such person has the authority to sign the applicable documents.
(b) An affected dairy farmer or manufacturer who is a minor shall be eligible for indemnity payments only if he meets one of the following requirements:
(1) The right of majority has been conferred on him by court proceedings or by statute;
(2) A guardian has been appointed to manage his property and the applicable program documents are signed by the guardian; or
(3) A bond is furnished under which the surety guarantees any loss incurred for which the minor would be liable had he been an adult.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.