(225 ILCS 660/25)
(from Ch. 5, par. 2751-25)
The registrant shall pay producers for
specialty farm products purchased within 30 days of the date the specialty
farm products are sold to a buyer or his or her designated agent, or other
period of time as agreed upon, in writing, and signed by the purchaser and
the specialty farm product producer. If payment is made under a written
contract on or after the occurrence of an event at an unspecified time in
the future, prompt payment shall mean 30 days from the date on which the
producer knew or reasonably should have known of the occurrence of the event.
Failure of a specialty farm product buyer to comply with
this Section constitutes grounds for registration suspension or
revocation or subjects the violator to the penalties of Section 40.
(Source: P.A. 87-171.)