§ 3.2-4771. Record and accounts to be provided to consignor
A. Every cotton gin shall: 1. Within 48 hours after ginning the cotton, make available to the consignor the record required under § 3.2-4770; and 2. Unless the consignor agrees otherwise in writing, within 10 days after ginning cotton, deliver to the consignor a copy of such record and an account of all cotton ginned […]
§ 3.2-4772. Certificate establishing condition, quality, grade to be furnished
Every cotton gin shall, at the time of ginning, obtain a sample of each bale of ginned cotton for the purpose of determining condition, quality, and grade. Unless such sample is graded by the U.S. Department of Agriculture, the burden of proof shall be on the cotton gin to prove the accuracy of its accounting […]
§ 3.2-4765. License required; application; license fee and bond
A. No person shall do business as a cotton handler without first obtaining a license from the Commissioner. B. Every person intending to do business as a cotton handler, shall make application to the Commissioner for a license on or before July 1 of each year on a form provided by the Commissioner. Any license […]
§ 3.2-4766. Additional information to be reported by cotton gin each license year
Prior to beginning ginning for the current license year, the cotton gin will provide to the Commissioner the last bale tag number used in the previous year and first bale tag number to be used in the current year. 2000, c. 584, § 3.1-722.33; 2008, c. 860.
§ 3.2-4767. Execution and terms of bond; action
Bonds required by § 3.2-4765 shall be executed by the applicant as principal and by a surety company authorized and qualified to do business in the Commonwealth as surety. The applicant shall file on or before July 1 of each licensing year a copy of the bond with the Commissioner, and the Commissioner shall be […]
§ 3.2-4763. Violation a misdemeanor; illegal acts relating to issuance of receipts or removal of grain under storage, exchange or grain bank a felony
A. Any person who violates any of the provisions of this article or the regulations adopted by the Board is guilty of a Class 1 misdemeanor. B. Any grain dealer or employee or manager for a grain dealer who: (i) issues any storage, grain exchange or grain banking receipts for any grains that are not […]
§ 3.2-4764. Definitions
As used in this article, unless the context requires a different meaning: “Cotton gin” means a facility where cotton seed and cotton lint are produced from raw cotton. “Cotton handler” means any person doing business as a cotton gin, cotton merchant, or cotton warehouse. “Cotton merchant” means any person who buys cotton from a producer […]
§ 3.2-4758. Grain Dealers Licensing and Bonding Fund established; disposition of fees and penalties
There is hereby created in the state treasury a special nonreverting fund to be known as the Grain Dealers Licensing and Bonding Fund, hereafter referred to as “the Fund.” The Fund shall be established on the books of the Comptroller. All fees and penalties for renewals payable under this article shall be collected by the […]
§ 3.2-4759. Records to be kept by dealers
A. Every grain dealer in the Commonwealth shall keep such records of grain transactions for such reasonable periods of time and in accordance with good business practices as may be required by the Board. B. Written agreements, in addition to such other information as may be required, shall contain the following: 1. The seller’s name […]
§ 3.2-4760. Grounds for refusal or revocation of license
The Commissioner may refuse to grant or renew any license, or revoke any license if he finds that the grain dealer: 1. Has not satisfied a final money judgment entered against him; 2. Has failed to promptly and properly account and pay for in full within 10 calendar days of the receipt of the grain […]