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 […]
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 69-237 – PARTIAL WITHDRAWAL OF COMMODITIES — ADJUSTMENT OR SUBSTITUTION OF RECEIPT — DUTIES OF WAREHOUSEMAN.
69-237. PARTIAL WITHDRAWAL OF COMMODITIES — ADJUSTMENT OR SUBSTITUTION OF RECEIPT — DUTIES OF WAREHOUSEMAN. When partial withdrawal of an agricultural commodity is made by a depositor, the warehouseman shall make appropriate notation thereof on the depositor’s nonnegotiable receipt or on other records. If the warehouseman has issued a negotiable receipt to the depositor he […]
Section 69-238 – WAREHOUSEMAN’S OBLIGATIONS — DUTY TO DELIVER DEPOSITED COMMODITIES — DAMAGES.
69-238. WAREHOUSEMAN’S OBLIGATIONS — DUTY TO DELIVER DEPOSITED COMMODITIES — DAMAGES. (1) The duty of the warehouseman to deliver agricultural commodities deposited shall be governed by the provisions of this chapter and the requirements of the uniform commercial code. Upon the return of a properly endorsed negotiable warehouse receipt to the warehouseman, and upon payment […]
Section 69-223 – NEGOTIABLE WAREHOUSE RECEIPTS FOR COMMODITIES STORED — CONTENTS — CONDITIONS — PENALTIES.
69-223. NEGOTIABLE WAREHOUSE RECEIPTS FOR COMMODITIES STORED — CONTENTS — CONDITIONS — PENALTIES. Every negotiable warehouse receipt issued for agricultural commodities stored in a warehouse licensed under the provisions of this chapter shall be issued in accordance with, but not limited to, the following: (1) Every negotiable warehouse receipt issued for agricultural commodities stored in […]