7 C.F.R. § 868.74

Current through May 31, 2024
Section 868.74 - Divided-lot certificates
(a)General. When commodities are offered for inspection and are certificated as a single lot, the applicant may exchange the inspection certificate for two or more divided-lot certificates.
(b)Application. Requests for divided-lot certificates shall be made-
(1) In writing;
(2) By the applicant who made the initial request;
(3) To the office that issued the outstanding certificate;
(4) Within 5 business days of the outstanding certificate date; and
(5) Before the identity of the commodity has been lost.
(c)Quantity restrictions. Divided-lot certificates shall not show an aggregate quantity different than the total quantity shown on the superseded certificate.
(d)Surrender of certificate. The certificate that will be superseded shall-
(1) Be in the custody of the cooperator or the Service;
(2) Be marked "Void," and
(3) Show the identification of the divided-lot certificates.
(e)Certification requirements. The same information and statements, including permissive statements, that were shown on the superseded certificate shall be shown on each divided-lot certificate. Divided-lot certificates shall show-
(1) A statement indicating the commodity was inspected as an undivided lot;
(2) The terms "Divided-Lot Original," and the copies shall show "Divided-Lot Copy;"
(3) The same serial number with numbered suffix (for example, 1764-1, 1764-2, 1764-3, and so forth); and
(4) The quantity specified by the request.
(f)Issuance and distribution. Divided-lot certificates shall be issued no later than the close of business on the next business day after the request and be distributed according to § 868.70(b) .
(g)Limitations. After divided-lot certificates have been issued, further dividing or combining is prohibited except with the approval of the Service.

7 C.F.R. §868.74

53 FR 3722, Feb. 9, 1988. Redesignated and amended at 60 FR 16364, Mar. 30, 1995

Approved by the Office of Management and Budget under control number 0580-0012