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 […]
26-3-7-19. Receipt of Grain; Ownership of Deposited Grain
Sec. 19. (a) A licensee shall issue a receipt or ticket for grain received. Grain received by a licensee shall be credited to the depositor on the books of the licensee within seven (7) days from the date of its delivery. If a ticket is issued on delivery of the grain for storage, a receipt […]
26-3-7-34. Violations
Sec. 34. (a) A person who knowingly or intentionally violates or fails to comply with this chapter commits a Class A misdemeanor. Each day a person violates this chapter constitutes a separate violation. (b) A person who knowingly or intentionally issues a receipt or ticket, knowing that the grain for which the receipt or ticket […]
26-3-7-20. Grain Owned by Licensee; Receipts; Transfer
Sec. 20. A licensee may issue a receipt for grain owned by the licensee in whole or in part, located in the licensee’s facility. The negotiation, transfer, sale, or pledge of the receipt shall not be defeated by reason of the licensee’s ownership. Formerly: Acts 1973, P.L.268, SEC.1. As amended by P.L.3-1989, SEC.150; P.L.125-1997, SEC.42.
26-3-7-35. Grain Buyer License Required
Sec. 35. A person licensed under the warehouse act must also have a valid grain buyer license to do business in Indiana as a grain buyer. Formerly: Acts 1973, P.L.268, SEC.1. As amended by P.L.191-1991, SEC.13; P.L.125-1997, SEC.55.
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 […]