US Lawyer Database

49-45-29. Grain broker–Prohibited activities–Penalty–Civil fine.

It is a Class 5 felony for a grain broker to:

(1)Negotiate or attempt to negotiate a grain transaction with a grain buyer, who is not licensed in accordance with this chapter; or

(2)Take title or attempt to take title to grain that is subject to a transaction being negotiated by the grain broker.

The commission may assess a civil fine against a grain broker in the amount of five thousand dollars for each violation of this section, up to a maximum fine of fifty-thousand dollars, annually.

Source: SL 2022, ch 175, §3.