§ 106-601 – Definitions.
106-601. Definitions. (a) "Cash buyer" means any grain dealer who pays the producer, or his representative at the time of obtaining title, possession or control of grain, the full agreed price of such grain in coin or currency, lawful money of the United States, certified checks, cashier’s checks or drafts issued by a bank. (b) […]
§ 106-602 – License required.
106-602. License required. No person shall act or hold himself out as a grain dealer without first having obtained a license as herein provided. (1973, c. 665, s. 2.)
§ 106-603 – Application for license or renewal thereof.
106-603. Application for license or renewal thereof. Every grain dealer before transacting business within the State of North Carolina shall on or before July 1, 1974, and annually on or before June 15 of each year thereafter, file a written application for a license or for the renewal of a license with the Commissioner. The […]
§ 106-604 – License fee; bond required; exemption.
106-604. License fee; bond required; exemption. All applications shall be accompanied by an initial or renewal license fee of fifty dollars ($50.00) plus thirty dollars ($30.00) per certificate or decal for each separate buying station or truck and a good and sufficient bond in the amount of one hundred thousand dollars ($100,000) to satisfy the […]
§ 106-605 – Execution, terms and form of bond; action on bond.
106-605. Execution, terms and form of bond; action on bond. (a) Such bond shall be signed by the grain dealer and by a company authorized to execute surety bonds in North Carolina and shall be made payable to the State of North Carolina. The bond shall be conditioned on the grain dealer’s faithful performance of […]