Section 11-11-107 – Investigation by Department; Complaint; Service; Hearing.
11-11-107. Investigation by department; complaint; service; hearing. The department upon its own motion or upon verified complaint against any warehouseman shall investigate as the department deems necessary, and shall at all times have free and unimpeded access to all facilities or places in which grain is kept, stored, handled or transported. If the department, upon […]
Section 11-11-108 – Warehouse Receipts Generally.
11-11-108. Warehouse receipts generally. All warehouse receipts issued for stored grain shall be in a form prescribed by the department and shall be obtainable only by the warehouseman from the department at cost. Each warehouse receipt issued must show the amount of any cash or the value of any merchandise the warehouseman has advanced on […]
Section 11-11-109 – Audit of Records; Inspection of Warehouse.
11-11-109. Audit of records; inspection of warehouse. (a) At least once each year and more often if necessary or if requested by an interested person the department shall inspect each licensed warehouse and shall audit the warehouse records. The director after conferring with interested industry groups shall fix, assess and collect fees for the inspection […]
Section 11-11-110 – Warehouseman’s Records; Generally.
11-11-110. Warehouseman’s records; generally. Every licensed warehouseman shall maintain complete records of all grain stored, all grain withdrawn from storage, all warehouse receipts issued and all receipts returned to and cancelled by him. The records shall be available for examination and audit by the department at any reasonable time.
Section 11-11-111 – Warehouseman’s Records; Contents; Inspection and Audit by Department; Issuance of Warehouse Receipts.
11-11-111. Warehouseman’s records; contents; inspection and audit by department; issuance of warehouse receipts. (a) Every warehouseman shall keep a complete record of all grain handled by him including the following: (i) Name, address and phone number of the grower and of the owner; (ii) Date of issuance of receipt; (iii) Kind, quantity, quality and grade […]
Section 11-11-112 – Stored Grain to Be Insured; Insurance Requirements; Disaster Loss to Be Reported.
11-11-112. Stored grain to be insured; insurance requirements; disaster loss to be reported. (a) All grain stored shall be insured against loss for full value by an insurance company licensed to do business in this state. A copy of the insurance policy in effect shall be provided to the department at the time of the […]
Section 11-11-113 – Grading of Grain; Notation on Warehouse Receipt.
11-11-113. Grading of grain; notation on warehouse receipt. All grain accepted for storage shall be graded by the warehouseman or designee according to standards of the United States department of agriculture, and the grade established shall be specified upon the warehouse receipt issued for the grain.
Section 11-11-114 – Stored Grain to Constitute Bailment; Amount in Storage to Equal Issued Storage Certificates; Exceptions; Conversion; Seizure.
11-11-114. Stored grain to constitute bailment; amount in storage to equal issued storage certificates; exceptions; conversion; seizure. (a) The storage of grain with a warehouse and the movement of grain by a warehouseman constitutes a bailment and not a sale. Upon return of the scale ticket bearing the name of the bailee or warehouse receipt […]
Section 11-11-115 – Disposition of Collected Funds.
11-11-115. Disposition of collected funds. There is created the grain warehouse inspection account. All funds collected by the department shall be deposited in the account created by this section. Interest earned by the account shall be retained in the account. The account is appropriated for use and expenditure by the department for the costs of […]
Section 11-11-116 – Revocation and Cancellation of License.
11-11-116. Revocation and cancellation of license. Failure of any warehouseman or person operating a warehouse to comply with the provisions of this chapter will render the license of the warehouseman or person operating a warehouse subject to revocation and cancellation by the department.