7 CFR § 1425.15 - Vested authority.

---
identifier: "/us/cfr/t7/s1425.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1425.15 - Vested authority."
title_number: 7
title_name: "Agriculture"
section_number: "1425.15"
section_name: "Vested authority."
chapter_name: "COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE"
subchapter_number: "B"
subchapter_name: "LOANS, PURCHASES, AND OTHER OPERATIONS"
part_number: "1425"
part_name: "COOPERATIVE MARKETING ASSOCIATIONS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1441 and 1421, 7 U.S.C. 7931-7939; and 15 U.S.C. 714b, 714c, and 714j."
regulatory_source: "63 FR 17312, Apr. 9, 1998, unless otherwise noted."
cfr_part: "1425"
---


# 1425.15 Vested authority.

The marketing agreement between the CMA and its members will give the CMA the authority to pledge the commodity as collateral for a loan, to place a lien on such commodity, and to market the commodity on behalf of its members even though the individual members retain the right, in effect, to determine the price at which the commodity can be marketed by the CMA.

[63 FR 17312, Apr. 9, 1998, as amended at 80 FR 131, Jan. 2, 2015]