12:09:02:02Collection of checkoff fee -- Record of

assessment. A first purchaser shall collect the checkoff fee from growers by deducting the fee from the purchase price of an identifiable lot or quantity of soybeans purchased by the first purchaser. At the time the fee is collected, the first purchaser shall note the amount of the fee collected on either the settlement sheet or the check stub as evidence that the fee has been paid by the grower. The settlement sheet or check stub constitutes the record of assessment.

Source: 12 SDR 124, effective February 2, 1986; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 16 SDR 227, effective July 1, 1990.