Section 223.15 — Citation.
223.15 CITATION. Sections 223.15 to 223.19 may be cited as the “Grain Buyers Act.” History: 1982 c 635 s 2; 1983 c 374 s 20
Section 223.16 — Definitions.
223.16 DEFINITIONS. Subdivision 1. Applicability. For the purpose of sections 223.15 to 223.23, the terms defined in this section have the meanings given them. Subd. 2. Bond. “Bond” means an obligation acceptable to and running to the state, as obligee, for the purpose of indemnifying producers of grain against the breach of a contract by […]
Section 223.17 — Licenses; Bonding; Claims; Disbursements.
223.17 LICENSES; BONDING; CLAIMS; DISBURSEMENTS. Subdivision 1. Licenses. An application for a grain buyer’s license must be filed with the commissioner and the license issued before any grain may be purchased. The applicant for a grain buyer’s license shall identify all grain buying locations owned or controlled by the grain buyer and all vehicles owned […]
Section 223.175 — Written Voluntary Extension Of Credit Contracts; Form.
223.175 WRITTEN VOLUNTARY EXTENSION OF CREDIT CONTRACTS; FORM. A written confirmation required under section 223.177, subdivision 2, and a written voluntary extension of credit contract must include those items prescribed by the commissioner by rule. A contract shall include a statement of the legal and financial responsibilities of grain buyers and sellers established in this […]
Section 223.177 — Purchase By Voluntary Extension Of Credit Contracts.
223.177 PURCHASE BY VOLUNTARY EXTENSION OF CREDIT CONTRACTS. Subdivision 1. Indication of intention. Every grain buyer who intends to purchase grain by voluntary extension of credit contracts shall indicate the intention to do so annually to the commissioner on a form provided by the commissioner. Subd. 2. Oral contracts. Any grain buyer entering into a […]
Section 223.19 — Rules.
223.19 RULES. The commissioner may make rules pursuant to chapter 14 to carry out the provisions of sections 223.15 to 223.23. History: 1982 c 635 s 6; 1983 c 374 s 12,20; 1984 c 640 s 32; 1997 c 7 art 5 s 19; 1Sp2019 c 1 art 4 s 10
Section 223.20 — Regulation Of Grain Buyers And Grain Storage.
223.20 REGULATION OF GRAIN BUYERS AND GRAIN STORAGE. The commissioner may create a separate division within the Department of Agriculture for the purpose of administering this chapter and chapter 232. History: 1983 c 374 s 13
Section 223.21 — Attorney General; Enforcement.
223.21 ATTORNEY GENERAL; ENFORCEMENT. The attorney general, upon request of the commissioner, shall assist the commissioner in enforcing this chapter. History: 1983 c 374 s 14
Section 223.22 — Investigation; Education.
223.22 INVESTIGATION; EDUCATION. Subdivision 1. Legislative investigation. The legislature recommends that the standing committees of the house of representatives and senate with jurisdiction over agriculture investigate methods of protecting producers when marketing grain using voluntary extension of credit contracts, including establishment of a state administered trust fund, private insurance, or reinsurance, and methods which grain […]
Section 223.23 — Annual Examination Required; Supplemental Examinations.
223.23 ANNUAL EXAMINATION REQUIRED; SUPPLEMENTAL EXAMINATIONS. A licensed grain buyer is subject to an annual examination conducted by the commissioner or the Agricultural Marketing Service of the United States Department of Agriculture. Examinations must include a measurement of all grain owned and maintained by the grain buyer. The commissioner may require supplemental examinations of a […]