7 C.F.R. § 981.51
Requirements for reserve
Each handler may satisfy his reserve obligation with such almonds specified in the terms of the agency agreement authorized in § 981.67, including all applicable inspection and certification requirements. Any handler who does not become an agent may receive credit by similarly delivering almonds to the Board or its designees. These requirements may be established by the Board, with the approval of the Secretary, and from time to time so modified, and may include grade requirements for reserve almonds delivered to human consumption outlets.
Notes of Decisions
Cited in 1
case, 1994–1994 · leading case: Cal-Almond, Inc. v. United States, 30 Fed. Cl. 244 (Fed. Cl. 1994).
Cal-Almond, Inc. v. United States, 30 Fed. Cl. 244 (Fed. Cl. 1994). “To satisfy this obligation, a handler may either (i) deliver the required percentage to the Almond Board for sale into non-competitive channels, with the net proceeds of the sale being remitted to the handler, 7 C.F.R. §§ 981.51 , 981.-66(a), (g), or (ii) retain the reserve…”
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