26-3-7-16.8. Liens on Grain Assets
Sec. 16.8. (a) A lien against all grain assets of a licensee or a person who is required to be licensed under this chapter attaches in favor of the following: (1) A lender or other claimant that has a receipt for grain owned or stored by the licensee. (2) A claimant that has a ticket […]
26-3-7-7. Issuance of License or Permit; False Statements; Applicant’s Qualifications
Sec. 7. (a) The director may issue or amend a license after the director has: (1) received and approved the required information and documentation; and (2) determined that: (A) the facility or facilities covered by the application are suitable for the proper storage or handling of the grain intended to be stored or handled in […]
26-3-7-17. Repealed
Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, SEC.10. Repealed by Acts 1979, P.L.249, SEC.18.
26-3-7-8. Temporary License
Sec. 8. Upon receipt of an application for a permanent license, the director may issue a temporary license to the applicant for a reasonable time, not to exceed ninety (90) days, as the director deems necessary or advisable to enable the applicant to comply with the further requirements for obtaining a license under this chapter. […]
26-3-7-17.1. Possible Violations; Powers of Director; Procedures
Sec. 17.1. (a) Whenever the director, as a result of an inspection or otherwise, has reasonable cause to believe that a person to which this chapter is or may be applicable: (1) is conducting business contrary to this chapter or in an unauthorized manner; or (2) has failed, neglected, or refused to observe or comply […]
26-3-7-8.5. Licensing Requirements of Successor Owner
Sec. 8.5. If the ownership of a facility or business licensed under this chapter passes to a successor owner, the obligations under this chapter of the original licensee do not cease until the successor owner is properly licensed and has executed a successor’s agreement with the agency. As added by P.L.125-1997, SEC.27.
26-3-7-9. Bond, Cash Deposit, or Letter of Credit
Sec. 9. (a) Each applicant for a license under this chapter shall, as a condition of licensure, file or have on file with the director: (1) a cash deposit; (2) an irrevocable letter of credit; (3) a bond; or (4) any combination of the above; as provided in section 10 of this chapter. (b) A […]
26-3-7-10. Amount of Bond, Cash Deposit, Letter of Credit, or Other Surety; Deficiencies; Penalties
Sec. 10. (a) The minimum amount of bond, letter of credit, or cash deposit required from a licensee is as follows: (1) For a grain bank license or a warehouse license: (A) fifty thousand dollars ($50,000); and (B) ten cents ($0.10) multiplied by the licensed bushel storage capacity of the grain bank or warehouse. (2) […]
26-3-7-11. Repealed
Formerly: Acts 1973, P.L.268, SEC.1. Repealed by Acts 1979, P.L.249, SEC.18.
26-3-7-12. Insurance; Filing of Certificate; Settlement With Depositor in Case of Destruction
Sec. 12. (a) Each applicant for a license under this chapter shall, as a condition to the granting of the license, file or have on file a certificate of insurance evidencing an effective policy of insurance issued by an insurance company authorized to do business in Indiana insuring in the name of the applicant all […]