Commodity certificates.

CFR · 2024-01-01 · US · Title 7

(a) (b) (2) Commodity certificates shall not be subject to any lien, encumbrance, or other claim or security interest, except that of an agency of the United States Government arising specifically under Federal statute. (3) The provisions of this paragraph (b) shall apply without regard to the identity of the holder of the certificate. (c) (d) (2) (3) (4) (5) (6) (e) (2) (f) (2) The person to whom a generic certificate is issued which has an entry of “S/H” in block D may exchange such certificate for commodities owned by CCC. (3) The person to whom a commodity specific certificate is issued which has a date entered in block D may submit such certificate, endorsed to CCC, to the Kansas City Commodity Office for the specific commodity entered in block C beginning on the date entered in block D through the expiration date of the certificate. Such certificate may not be exchanged for cash, except as otherwise agreed on by CCC. (4) All other certificates may be transferred and exchanged as determined and announced by CCC. (g) (2) (3) (h) CCC, at its option, may discount or refuse to accept any certificate made, transferred, or submitted in violation of this section. (i)

official document · source cfr-2024 · id 7:§ 1401.4