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Home » US Law » 2022 Missouri Revised Statutes » Title XXVI - Trade and Commerce » Chapter 411 - Missouri Grain Warehouse Law

Section 411.200 – Reinspection.

Effective – 28 Aug 1941 411.200. Reinspection. — Operators of public terminal elevators, may, with the consent of the director, call a reinspection and weighing of grain in the elevator, and upon the surrender of outstanding warehouse receipts in the discretion of the director, before or at the completion of said reinspection and weighing, same […]

Section 411.263 – Fee for license.

Effective – 28 Aug 1977 411.263. Fee for license. — Every warehouseman’s original application for a public warehouse license must be accompanied by a fifty dollar application fee. Every applicant after approval shall pay an annual license fee based upon the capacity of the warehouse, or portion of the warehouse, the fee to be set […]

Section 411.268 – Schedule of charges to be filed, posted by warehouseman.

Effective – 28 Aug 1980 411.268. Schedule of charges to be filed, posted by warehouseman. — Before a license to conduct a warehouse is granted under this chapter, the warehouseman shall file with the director a copy of his schedule of charges for storage and other services. If the warehouseman desires to make any change […]

Section 411.275 – Warehouseman’s bond, requirements — defenses denied surety — cancellation, notice, effect — demand for payment by director, duties of director — refusal of surety to pay, penalty — distribution of bond proceeds — duties of depositors or receipt holders — injunction, hearing, notice — final inspection of warehouse — verbal or written bond binders effective, contents.

Effective – 22 Apr 1986 411.275. Warehouseman’s bond, requirements — defenses denied surety — cancellation, notice, effect — demand for payment by director, duties of director — refusal of surety to pay, penalty — distribution of bond proceeds — duties of depositors or receipt holders — injunction, hearing, notice — final inspection of warehouse — […]

Section 411.276 – Liability of surety not cumulative.

Effective – 28 Aug 1971 411.276. Liability of surety not cumulative. — In no event shall the liability of the surety on any bond required by section 411.275 accumulate for each successive license period during which the bond is in force. The liability of the surety shall be limited in the aggregate to the face […]

Section 411.277 – Certificates of deposit and letters of credit, provisions applicable to — letters of credit, submitted in lieu of bond, when, refusal of director to accept, grounds, demand by director, procedure, failure by bank to pay, when, penalty, funds returned to bank, when — rules and regulations.

Effective – 28 Aug 1987 411.277. Certificates of deposit and letters of credit, provisions applicable to — letters of credit, submitted in lieu of bond, when, refusal of director to accept, grounds, demand by director, procedure, failure by bank to pay, when, penalty, funds returned to bank, when — rules and regulations. — 1. The […]

Section 411.278 – Amount of bond, how computed.

Effective – 02 Apr 1997 411.278. Amount of bond, how computed. — 1. The amount of the bond required by section 411.275 shall be based upon the licensed capacity of the warehouse, but in no event shall such bond be less than twenty thousand dollars, and shall be based upon the following table of rates: […]

Section 411.280 – Warehouseman’s net worth, requirements — deficiency, how corrected.

Effective – 28 Aug 2011 411.280. Warehouseman’s net worth, requirements — deficiency, how corrected. — Every warehouseman licensed under the provisions of this chapter shall have and maintain a net worth equal to the greater of ten thousand dollars or the amount which results from multiplying the storage capacity of the warehouse by twenty-five cents […]

Section 411.281 – Additional bond required, when — amount, how determined.

Effective – 28 Aug 1977 411.281. Additional bond required, when — amount, how determined. — 1. The director, after a hearing held in accordance with this chapter and regulations promulgated hereunder, may make a determination that the warehouseman has failed, or is unable, to meet storage or dollar obligations, and thus an additional bond is […]

Section 411.283 – Requirements for license — minimum storage capacity — scales required — denial of license, notice, hearing — contents of license — posting of license, duplicate license issued when — notice of suspension, cancellation, revocation or refusal to issue — removal of license, effect of.

Effective – 02 Apr 1997 411.283. Requirements for license — minimum storage capacity — scales required — denial of license, notice, hearing — contents of license — posting of license, duplicate license issued when — notice of suspension, cancellation, revocation or refusal to issue — removal of license, effect of. — 1. Upon receiving an […]

Section 411.290 – Insurance required, exceptions — rules and regulations.

Effective – 28 Aug 1987 411.290. Insurance required, exceptions — rules and regulations. — 1. Every state licensed public warehouseman shall in his own name at all times keep all the grain contained in his warehouse insured by some reliable insurance company authorized to do business in the state of Missouri. The grain is to […]

Section 411.301 – Director may enjoin violations.

Effective – 28 Aug 1965 411.301. Director may enjoin violations. — The director may enjoin a warehouseman from violating or continuing to violate the provisions of this chapter and the rules and regulations adopted by the director pursuant to this chapter by filing injunction proceedings in the circuit court and in any such proceedings the […]

Section 411.311 – Operation without license prohibited, penalty.

Effective – 22 Apr 1986 411.311. Operation without license prohibited, penalty. — 1. Any person who: (1) Operates a warehouse for storage of grain; (2) Holds himself out as being in the grain storage business, or as offering storage facilities for grain; (3) Advertises for, solicits or accepts grain for storage; (4) Carries on a […]