2005 Idaho Code - 69-263 — FAILURE TO FILE -- LOSS OF CLAIM ON FUND

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 2
                             BONDED WAREHOUSE LAW
    69-263.  FAILURE TO FILE -- LOSS OF CLAIM ON FUND. If a producer, after
notification, refuses or neglects to file in the office of the director his
verified claim against a warehouseman or dealer as requested by the director
within ninety (90) days from the date of the notice, the director shall
thereupon be relieved of responsibility for taking action with respect to such
claim later asserted and no such claim shall be paid from the commodity
indemnity fund. No claim shall be paid from the fund if a producer files his
claim more than two (2) years from the date of sale of the commodity. Provided
however, for those claims that are based on contracts containing no readily
calculable sale value of the commodity for the producer, no claim shall be
paid from the fund if a producer files his claim more than one hundred eighty
(180) days from the date the contract is executed.