Section 69-260 – FINANCIAL DIFFICULTIES — ADDITIONAL BOND OR SECURITY REQUIRED.
69-260. FINANCIAL DIFFICULTIES — ADDITIONAL BOND OR SECURITY REQUIRED. The department may, when it has reason to believe that a licensee does not have the ability to pay producers for commodities purchased, or when it determines that the licensee does not have a sufficient net worth to outstanding financial obligations ratio, require from the licensee […]
Section 69-261 – ADVISORY COMMITTEE — TERMS — COMPENSATION.
69-261. ADVISORY COMMITTEE — TERMS — COMPENSATION. (1) There is hereby created a commodity indemnity fund advisory committee consisting of nine (9) members to be appointed by the director. Appointments shall be for up to three (3) year terms, each term ending on the same day of the same month as did the term preceding […]
Section 69-243 – DUTY TO PROSECUTE.
69-243. DUTY TO PROSECUTE. It shall be the duty of each prosecuting attorney to whom any violation is reported by the department to cause appropriate proceedings to be instituted and prosecuted without delay in a court of competent jurisdiction. History: [69-243, added 1982, ch. 25, sec. 33, p. 48; am. 2002, ch. 259, sec. 31, […]
Section 69-262 – PROOF OF CLAIMS — PROCEDURE — HEARING — INSPECTION OF WAREHOUSE.
69-262. PROOF OF CLAIMS — PROCEDURE — HEARING — INSPECTION OF WAREHOUSE. In the event a warehouse or dealer fails, as defined in section 69-202(8), Idaho Code, the department shall process the claims of producers who have paid or owe assessments as required by this chapter. Claims against a failed warehouse or dealer shall include […]
Section 69-244 – LICENSE REISSUANCE FOLLOWING REVOCATION.
69-244. LICENSE REISSUANCE FOLLOWING REVOCATION. A warehouse license shall not be issued to any person whose license has been revoked within a period of three (3) years from the date of such revocation. Upon proper application for a license following three (3) years from the date of revocation, the department shall hold a hearing within […]
Section 69-263 – FAILURE TO FILE — LOSS OF CLAIM ON FUND.
69-263. FAILURE TO FILE — LOSS OF CLAIM ON FUND. If a producer, after notification, refuses or neglects to file in the office of the director his verified claim against a warehouseman or dealer as requested by the director within ninety (90) days from the date of the notice, the director shall thereupon be relieved […]
Section 69-245 – DIRECTOR’S AUTHORITY.
69-245. DIRECTOR’S AUTHORITY. The director may, upon his own motion, whenever he has reason to believe the provisions of this chapter have been violated, or upon verified complaint of any person in writing, investigate the actions of any warehouseman licensed under the provisions of this chapter, and if he finds probable cause to do so, […]
Section 69-264 – MINIMUM BALANCE — SUBSEQUENT PAYMENTS.
69-264. MINIMUM BALANCE — SUBSEQUENT PAYMENTS. The minimum balance in the commodity indemnity fund, which shall be used exclusively for purposes of paying claimants pursuant to this chapter and chapter 5, title 69, Idaho Code, shall be two hundred fifty thousand dollars ($250,000). At no time shall the balance be allowed to fall below the […]
Section 69-246 – APPEALS FROM DECISION OF DIRECTOR.
69-246. APPEALS FROM DECISION OF DIRECTOR. The director shall keep a complete transcript of all proceedings and evidence presented in any hearing before him. The applicant, warehouseman or any complainant formally appearing in a hearing before the director for a license, or the holder of any warehouse license suspended or revoked, or any party to […]
Section 69-266 – PAYMENT FROM FUND — DEBT OF WAREHOUSEMAN OR DEALER OR SURETY — REIMBURSEMENT — ACCRUAL OF CAUSE OF ACTION.
69-266. PAYMENT FROM FUND — DEBT OF WAREHOUSEMAN OR DEALER OR SURETY — REIMBURSEMENT — ACCRUAL OF CAUSE OF ACTION. Amounts paid from the commodity indemnity fund in satisfaction of any approved claim shall constitute a debt and obligation of the warehouseman, dealer, or surety against whom the claim was made. The director may bring […]