CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XIV—COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE (parts 1400 to 1499) > SUBCHAPTER A—GENERAL REGULATIONS AND POLICIES (parts 1400 to 1409) > PART 1400—PAYMENT LIMITATION AND PAYMENT ELIGIBILITY FOR 2009 AND SUBSEQUENT CROP, PROGRAM, OR FISCAL YEARS > SUBPART B—Payment Limitation (§1400.100 to §1400.107) > 1400.106—Payment limits.

1400.106—Payment limits.

(a) Payments made to a person or legal entity will not exceed the amounts specified in subpart A of this part.
(b) Payments made to a joint operation cannot exceed, for each payment specified in subpart A of this part, the amount determined by multiplying the maximum payment amount specified in subpart A of this part by the number of persons and legal entities, other than joint operations, that comprise the ownership of the joint operation.
(c) Payments made to a legal entity will be reduced proportionately by an amount that represents the direct or indirect ownership in the legal entity by any person or legal entity that has otherwise reached the applicable maximum payment limitation.

Code of Federal Regulations

[73 FR 79273, Dec. 29, 2008, as amended at 75 FR 900, Jan. 7, 2010]