Section 69-267 – CLAIM AGAINST WAREHOUSEMAN OR DEALER — DIRECTOR’S REMEDIES.
69-267. CLAIM AGAINST WAREHOUSEMAN OR DEALER — DIRECTOR’S REMEDIES. The department may deny, suspend, or revoke the license of any warehouseman or dealer against whom a claim has been made, approved, and paid from the commodity indemnity fund. Proceedings for the denial, suspension, or revocation shall be subject to the provisions of title 67, chapter […]
Section 69-247 – LICENSE DENIAL.
69-247. LICENSE DENIAL. (1) Any person against whose warehouse bond or the commodity indemnity fund a claim has been ordered collected or has actually been collected shall not be licensed by the department for a period of three (3) years from the date of such order or collection. License denial may be waived if the […]
Section 69-248 – DRAWING CHECKS INSUFFICIENTLY COVERED A VIOLATION.
69-248. DRAWING CHECKS INSUFFICIENTLY COVERED A VIOLATION. Any person engaged in business as a warehouseman, as defined in this chapter, who shall make, draw, utter or deliver any check, draft or order for the payment of money upon any bank or other depository, in payment to the seller of the purchase price of any agricultural […]
Section 69-249 – CREDIT-SALE CONTRACTS.
69-249. CREDIT-SALE CONTRACTS. (1) A warehouseman who purchases agricultural commodities by credit-sale contracts shall maintain books, records and other documents as required by the department to establish compliance with the provisions of this section. (2) In addition to other information as may be required, a credit-sale contract shall contain or provide, but not be limited […]
Section 69-250 – CONFIDENTIAL AND PROTECTED RECORDS.
69-250. CONFIDENTIAL AND PROTECTED RECORDS. Records required by the department including, but not limited to, production summaries, receiving records, conditioning reports, records relating to the payment of agricultural commodities, commodity indemnity fund and seed indemnity fund reporting forms of a warehouseman, and financial records that are required pursuant to section 69-206(6), Idaho Code, shall be […]
Section 69-251 – PAYMENT OF PURCHASE PRICE.
69-251. PAYMENT OF PURCHASE PRICE. A warehouseman shall pay to the depositor the purchase price for agricultural commodities upon deposit or demand by the depositor, but not later than thirty (30) days after deposit unless otherwise agreed by the parties in writing. As used in this section, "payment" means the actual payment or tender of […]
Section 69-255 – SHORT TITLE — INDEMNITY FUND PROGRAM.
69-255. SHORT TITLE — INDEMNITY FUND PROGRAM. (1) The provisions of this section and sections 69-256 through 69-267, Idaho Code, together with any definitions in this chapter, constitute the "Commodity Indemnity Fund Program." (2) The commodity indemnity fund program shall apply to entities governed by this chapter or governed by the provisions of the commodity […]
Section 69-256 – CREATION OF INDEMNITY FUND — USES.
69-256. CREATION OF INDEMNITY FUND — USES. (1) There is hereby established within the dedicated fund a fund to be known as the commodity indemnity fund. The commodity indemnity fund shall consist of assessments remitted by producers pursuant to the provisions of this chapter and any interest or earnings on the fund balance. (2) All […]
Section 69-257 – ASSESSMENT — RATE — MINIMUM AND MAXIMUM ASSESSMENT.
69-257. ASSESSMENT — RATE — MINIMUM AND MAXIMUM ASSESSMENT. (1) Every producer shall pay an assessment to the department for deposit in the commodity indemnity fund according to the provisions of this chapter and rules promulgated by the department to implement the provisions of this chapter. (2) Except as provided in this subsection, the rate […]
Section 69-258 – COLLECTION AND REMITTANCE OF ASSESSMENTS — PRINCIPAL AMOUNT HELD IN TRUST — INTEREST EARNED — FAILURE TO COLLECT OR REMIT ASSESSMENTS CONSTITUTES A VIOLATION — INTEREST AND PENALTIES FOR UNPAID ASSESSMENTS.
69-258. COLLECTION AND REMITTANCE OF ASSESSMENTS — PRINCIPAL AMOUNT HELD IN TRUST — INTEREST EARNED — FAILURE TO COLLECT OR REMIT ASSESSMENTS CONSTITUTES A VIOLATION — INTEREST AND PENALTIES FOR UNPAID ASSESSMENTS. (1) The department shall promulgate rules to provide a procedure for the collection and remittance of the producer’s assessments. Any warehouseman or dealer […]