Code of Federal Regulations Title 7. Agriculture § 7.46.33 Conversion of funds

Any licensee who collects or receives funds for or on behalf of another person or firm in connection with produce shall not make any use or disposition of such funds in his possession or control that will endanger or impair faithful and prompt payment to the owner or consignor of the produce or to any other person having a financial interest therein.

 Includes matters within the responsibility of the Federal Grain Inspection Service.