Section 69-501 – SHORT TITLE.
69-501. SHORT TITLE. This chapter shall be known as the "Commodity Dealer Law." History: [69-501, added 1982, ch. 94, sec. 2, p. 177.]
Section 69-502 – DEFINITIONS.
69-502. DEFINITIONS. As used in this chapter, except as otherwise specified: (1) "Agricultural commodity" means any grain, wheat, barley, oats, corn, rye, oilseeds, dry edible beans, peas, lentils and other leguminous seeds and feeds (not including minerals or seed crops) or any other commodity as determined by the director. (2) "Commodity dealer" or "dealer" means […]
Section 69-503 – LICENSE REQUIREMENTS — FINANCIAL RESPONSIBILITY.
69-503. LICENSE REQUIREMENTS — FINANCIAL RESPONSIBILITY. (1) A person shall not engage in the business of a commodity dealer in this state without having obtained a license issued by the department. (2) The type of license required shall be determined as follows: (a) A class 1 license is required if the commodity dealer purchases agricultural […]
Section 69-504 – LICENSE ISSUANCE — RENEWAL — EXPIRATION.
69-504. LICENSE ISSUANCE — RENEWAL — EXPIRATION. (1) The department shall issue a license when the applicant has filed the application and complied with the terms and conditions of the provisions of this chapter and the rules of the department. The license shall expire on December 31 of each year. (2) A commodity dealer’s license […]
Section 69-505 – EXEMPTIONS.
69-505. EXEMPTIONS. Any person currently licensed under chapter 2, title 69, Idaho Code, is exempt from the licensing provisions of this chapter. History: [69-505, added 1982, ch. 94, sec. 2, p. 180.]
Section 69-506 – BONDING REQUIREMENTS — CANCELLATION — IRREVOCABLE LETTER OF CREDIT OR CERTIFICATE OF DEPOSIT IN LIEU OF BOND — SINGLE BOND.
69-506. BONDING REQUIREMENTS — CANCELLATION — IRREVOCABLE LETTER OF CREDIT OR CERTIFICATE OF DEPOSIT IN LIEU OF BOND — SINGLE BOND. Except as provided in chapter 2, title 69, Idaho Code, an applicant for a license to operate as a commodity dealer shall, before a license will be issued, file with the department a bond […]
Section 69-507 – SUSPENSION OR REVOCATION OF A LICENSE.
69-507. SUSPENSION OR REVOCATION OF A LICENSE. The director may, after opportunity for hearing has been afforded to the licensee concerned, suspend or revoke any license issued to any commodity dealer under the provisions of this chapter for any violation of or failure to comply with any provisions of this chapter or the rules and […]
Section 69-508 – LICENSE FEES.
69-508. LICENSE FEES. (1) The department shall assess and collect an annual fee for each commodity dealer’s license on an original application according to the following schedule: (a) For a class 1 license the fee shall be three hundred sixty dollars ($360). (b) For a class 2 license the fee shall be one hundred eighty […]
Section 69-509 – POSTING OF LICENSE.
69-509. POSTING OF LICENSE. The commodity dealer’s license shall be posted in a conspicuous location at his place of business. History: [69-509, added 1982, ch. 94, sec. 2, p. 181.]
Section 69-510 – PAYMENT OF PURCHASE PRICE.
69-510. PAYMENT OF PURCHASE PRICE. A person required to be licensed as a commodity dealer under the provisions of this chapter shall pay the purchase price to the owner or his agent for agricultural commodities upon delivery or demand by the owner or agent, but not later than thirty (30) days after delivery by the […]
Section 69-511 – INSPECTION OF PREMISES, BOOKS AND RECORDS — AUTHORIZATION TO COPY.
69-511. INSPECTION OF PREMISES, BOOKS AND RECORDS — AUTHORIZATION TO COPY. The department may inspect the premises used by any commodity dealer in the conduct of his business at any reasonable time. The department is authorized through officials, employees, or agents of the department designated by it, to examine all books, accounts, records and papers […]
Section 69-512 – PENALTIES.
69-512. PENALTIES. (1) Any person who engages in business as a commodity dealer without obtaining a license or who refuses to permit inspection of licensed premises, books, accounts, records or other documents required by the provisions of this chapter or who uses a scale ticket or credit-sale contract that fails to satisfy the requirements of […]
Section 69-513 – INJUNCTION.
69-513. INJUNCTION. Any violation of the provisions of this chapter or any violation involving the business of a commodity dealer may be enjoined upon complaint by the director. History: [69-513, added 1982, ch. 94, sec. 2, p. 182.]
Section 69-514 – CREDIT-SALE CONTRACTS.
69-514. CREDIT-SALE CONTRACTS. (1) A commodity dealer who purchases agricultural commodities by credit-sale contracts shall maintain books, records and other documents as required by the department to establish compliance with the provisions of this section. (2) In addition to other information as may be required, a credit-sale contract shall contain or make provision for all […]
Section 69-515 – CONFIDENTIAL AND PROTECTED RECORDS.
69-515. CONFIDENTIAL AND PROTECTED RECORDS. Records required by the department including, but not limited to, production summaries, receiving records, conditioning reports, records relating to the payment of agricultural commodities, commodity indemnity fund and seed indemnity fund reporting forms of a commodity dealer, and financial records that are required pursuant to sections 69-503(6) and 69-521, Idaho […]
Section 69-516 – STANDARDIZATION OF RECORDS AND DOCUMENTS.
69-516. STANDARDIZATION OF RECORDS AND DOCUMENTS. The department may adopt rules specifying the form and content of scale tickets and credit-sale contracts. History: [69-516, added 1982, ch. 94, sec. 2, p. 183; am. 2002, ch. 258, sec. 8, p. 754.]
Section 69-517 – DIRECTOR’S AUTHORITY.
69-517. DIRECTOR’S AUTHORITY. The director may, upon his own motion, whenever he has reason to believe the provisions of this chapter have been violated, or upon verified complaint of any person in writing, investigate the actions of any commodity dealer licensed under the provisions of this chapter, and if he finds probable cause to do […]
Section 69-518 – APPEALS FROM DECISION OF DIRECTOR.
69-518. APPEALS FROM DECISION OF DIRECTOR. The director shall keep a complete transcript of all proceedings and evidence presented in any hearing before him. The commodity dealer or applicant thereof, or any protestant formally appearing at a hearing before the director for such license, or the holder of any commodity dealer license suspended or revoked, […]
Section 69-519 – LICENSE DENIAL.
69-519. LICENSE DENIAL. (1) Any person against whose commodity dealer bond a claim has been ordered collected or has actually been collected shall not be licensed by the department for a period of three (3) years from the date of such order or collection. License denial may be waived if the person can show to […]
Section 69-520 – DRAWING CHECKS INSUFFICIENTLY COVERED A VIOLATION.
69-520. DRAWING CHECKS INSUFFICIENTLY COVERED A VIOLATION. Any person engaged in business as a commodity dealer, as defined in this chapter, who shall make, draw, utter or deliver any check, draft or order for the payment of money upon any bank or other depository in payment to the seller of the purchase price of any […]