1. A milk stabilization plan established in accordance with this chapter may require that processors and distributors file with the board the uniform wholesale price at which a frozen dairy product will be sold within the marketing area.

2. If price filings are required, as permitted by this section, the board:

a. (1) Shall prescribe the time at which and the manner in which the initial price filings must be submitted; and (2) Shall permit a processor or distributor desiring to meet the lower prices of a competitor to do so in such portions of the marketing area as specified in the amended price filing; b. May not prohibit a processor or distributor from meeting lawful competition without delay in connection with the sale of a frozen dairy product; and c. May establish other requirements as necessary to implement this section.