I do not intend to be present at the point of transfer of possession of livestock sold by me to (name of packer, market agency, or dealer) for the purpose of receiving a check in payment for such livestock.
I hereby direct (name of packer, market agency, or dealer) to make payment for livestock purchased from me, by mailing a check for the full amount of the purchase price before the close of the next business day following the purchase of livestock and transfer of possession thereof or, in the case of a purchase on a "carcass" or "grade and yield" basis, not later than the close of the first business day following determination of the purchase price.
This does not constitute an extension of credit to (name of packer, market agency or dealer). This is subject to cancellation by me at any time, and if not cancelled by (date), it shall terminate on that date.
If the seller, for reasons other than not being present to receive payment, prefers to have the packer, market agency, or dealer make payment by mailing a check within the time limit as provided in section 409(a), he may use the above form but should not include the statement in the first sentence that he does not intend to be present.
9 C.F.R. §203.16
Sec. 401, 42 Stat. 168 (7 U.S.C 221 ) ; sec. 407, 42 Stat. 169 (7 U.S.C. 228 ) ; sec. 409, as added by sec. 7, 90 Stat. 1250 (7 U.S.C. 228b ) ; 7 CFR 2.17 , 2.54 ; 42 FR 35625; Pub. L. 96-511 , 94 Stat. 2812 (44 U.S.C. 3501 et seq.); 7 U.S.C. 222 and 228 and 15 U.S.C. 46
Approved by the Office of Management and Budget under control number 0580-0015