26-3-7-21. Uniform Warehouse Receipts Act; Application to Transactions
Sec. 21. Except as provided by this chapter, and regardless of whether the grain was received for storage, shipping, or handling, IC 26-3-2 applies to all transactions involving or incidental to the issuance, negotiation, transfer, sale, endorsement, or other dealings with receipts, to transactions involving delivery or other disposition of grain, and to the rights, […]
26-3-7-22. Commingling of Grain
Sec. 22. Different lots of the same type of grain delivered to a licensee may be commingled by type of grain unless the receipt or ticket states that the identity of the lot of grain is to be preserved. Formerly: Acts 1973, P.L.268, SEC.1. As amended by P.L.125-1997, SEC.44.
26-3-7-23. Return of Grain to Depositor
Sec. 23. Upon demand, after payment of all applicable charges, grain shall be returned to the depositor at the licensed facility where the grain was received unless agreed otherwise in writing. Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, SEC.12. As amended by P.L.125-1997, SEC.45.
26-3-7-24. Duplicate Receipts; Restriction; Requisites; Bond
Sec. 24. While a receipt or ticket issued under this chapter is outstanding and uncancelled by the issuing licensee, no other receipt or ticket shall be issued for the grain or any part of the grain that is covered by the receipt or ticket. However, if a receipt or ticket is lost, stolen, or destroyed […]
26-3-7-25. Terms of Receipts
Sec. 25. Every warehouse receipt issued, whether paper or electronic, shall embody within its terms the following: (1) The type, grade, and quantity of the grain stored as established by the official grain standards of the United States, unless: (A) the identity of the grain is preserved in a special pile or special bin or […]
26-3-7-26. Terms of Tickets
Sec. 26. Every ticket issued shall embody within its terms: (1) the name of the licensee to whom the grain was delivered; (2) the date the grain was delivered; (3) exact information concerning the type, net weight, and grade factors of the grain received; (4) a statement that the grain described in the ticket is […]
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 […]