§ 985.156 Transfer of excess oil by producers.
Current through Jul 29, 2026 · Read all of Part 985
(a) Pursuant to § 985.56(a), before December 1 of each marketing year, a producer, following notification of the Committee, may transfer excess oil to another producer to enable that producer to fill a deficiency in that producer's annual allotment.
(b) Pursuant to § 985.56(b), before December 1 of each marketing year, excess oil not used to fill another producer's deficiency shall be delivered to the Committee or its designees for storage.
[78 FR 9577, Feb. 11, 2013]