US Lawyer Database

26-4-5-1. Refunds; Form, Restrictions, Extension, Notice

Sec. 1. (a) A producer upon and against whom a producer premium is charged and collected under the provisions of this chapter may demand of and by complying with this chapter receive from the fund through the board a refund of the producer premiums collected from the producer. (b) The board shall develop the form […]

26-4-5-2. Reentry Into Program; Conditions; Date Coverage Commences

Sec. 2. (a) A producer who has received a refund of a producer premium under section 1 of this chapter after June 30, 2015, and has made a request for reentry may reenter the grain indemnity program if the following conditions are satisfied: (1) The producer petitions the board for approval of reentry into the […]

26-4-5-3. Repealed

As added by P.L.250-1995, SEC.1. Amended by P.L.173-1999, SEC.19. Repealed by P.L.75-2010, SEC.35.

26-4-5-4. Educational Information

Sec. 4. The board, in coordination with the agency, shall develop educational information to be made available electronically to producers, grain buyers, and warehouse operators, explaining the following: (1) The purpose of the fund. (2) How the fund is operated. (3) An explanation of coverage under the program, including the duration of coverage and limits […]

26-4-6-1. Restrictions on Use of Fund; Nonseverability of Provision

Sec. 1. (a) The money in the fund: (1) is not available for any purpose other than the payment of claims approved by the board or refunds to producers who do not want to participate in the fund; and (2) may not be transferred to any other fund. (b) The limiting and nontransferability provision of […]

26-4-4-1. Establishment of Fund; Fiscal Year

Sec. 1. (a) The Indiana grain indemnity fund is established for the purpose of providing money to pay producers for losses incurred due to the failure of a grain buyer or warehouse operator licensed under IC 26-3-7. The fund shall be administered by the board of the corporation. (b) The fund consists of money collected […]

26-4-6-3. Compensation From Fund; Extension

Sec. 3. (a) Except as provided in subsection (b), within ninety (90) days of the board’s approval of a claim, the board shall compensate from the fund, in an amount described in section 4 of this chapter and in the manner described in subsection (c), a claimant who has incurred a financial loss or storage […]

26-4-1-23. “Warehouse”

Sec. 23. “Warehouse” means any building or other protected enclosure in one (1) general location that is licensed or required to be licensed under IC 26-3-7 in which grain is or may be: (1) stored for hire; (2) used for grain bank storage; or (3) used to store company owned grain; and the building or […]