26-3-7-26.5. Deferred Pricing Agreement; Conditions; Penalties
Sec. 26.5. (a) Beginning after July 1, 2022, a licensee may not: (1) enter into a deferred pricing agreement in connection with grain purchases that extends beyond the crop year for the delivered grain; or (2) transfer the deferred pricing agreement to a new contract beyond the crop year for the delivered grain. (b) If […]
26-3-7-27. Repealed
Formerly: Acts 1973, P.L.268, SEC.1. As amended by Acts 1982, P.L.155, SEC.16. Repealed by P.L.125-1997, SEC.57.
26-3-7-28. Records and Accounts; Retention
Sec. 28. A licensee shall keep in a place of safety complete and correct records and accounts pertaining to the licensee’s grain business. The licensee shall retain records and accounts for not less than six (6) years from the date of the final settlement of the transaction. Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, […]
26-3-7-29. Display of License or Permit; Schedule of Charges; Sign
Sec. 29. A licensee shall: (1) conspicuously display the licensee’s license in the licensee’s main office and at each facility included under the license; (2) conspicuously display in each operational office the approved schedule of charges for services; and (3) conspicuously display at each facility all charts and diagrams provided to the facility by the […]
26-3-7-30. Receipt Forms; Requests; Cost; Requisites for Accountability
Sec. 30. All receipt forms shall be supplied by the director except where the director, in writing, approves the form and gives permission to a warehouse operator to have receipts printed. Requests for receipts shall be on forms furnished by the director and shall be accompanied by payment to cover the estimated cost of printing, […]
26-3-7-31. Grain Shortages; Appointment of Receiver; Notice of Actions and Orders
Sec. 31. (a) Whenever it appears to the satisfaction of the director that a licensee cannot meet the licensee’s outstanding grain obligations owed to depositors, or when a licensee refuses to submit the licensee’s records or property to lawful inspection, the director may give notice to the licensee to do any of the following: (1) […]
26-3-7-17.5. Notice of Suspension or Revocation of License; Notice of Denial of Application
Sec. 17.5. (a) Whenever the license of a licensee is suspended or revoked, the director shall: (1) for each facility operated by the licensee, publish a public notice in a newspaper of general circulation that serves the county in which the facility is located; and (2) cause notice of the suspension or revocation to be […]
26-3-7-32. Injunctions; Unlawful Removal of Grain; Temporary Restraining Orders
Sec. 32. (a) The director may apply for, and the courts of this state are vested with jurisdiction to issue, a temporary or permanent injunction against the business operation of a licensee, or the issuance of receipts or tickets without a license and against interference by any person with the director, the director’s designated representative, […]
26-3-7-18. Revocation, Expiration, or Suspension of License; Effect Upon Operation
Sec. 18. (a) When a license is revoked, the licensee shall terminate in the manner prescribed by the director all arrangements covering the grain in the facility covered by the license, but shall be permitted, under the direction and supervision of the director or the director’s designated representative, to deliver grain previously received. (b) During […]
26-3-7-33. Examination of Warehouse; Fee; Expenses
Sec. 33. In addition to all other inspections and investigations authorized by this chapter, the director or the director’s designated representative may, upon request of any person having an interest in grain in a licensed warehouse, cause the warehouse to be examined. The director or the director’s representative may check the outstanding receipts and tickets […]