Sec. 24. While a receipt or ticket issued under this chapter is outstanding and uncancelled by the issuing licensee, no other receipt or ticket shall be issued for the grain or any part of the grain that is covered by the receipt or ticket. However, if a receipt or ticket is lost, stolen, or destroyed the owner of the receipt or ticket is entitled to a new receipt that is a duplicate of the missing receipt or a new ticket that is a substitute for the missing ticket. The duplicate receipt or substitute ticket entitles the owner to all rights appertaining to the document for which it was issued, and shall state that it is in lieu of the former receipt or ticket and give the number and date of the former receipt or ticket. If the missing document was a negotiable receipt, the issuing licensee shall require an indemnity bond of double the market value of the grain covered by the missing receipt in a form and with the surety that the director may prescribe to fully protect all rights under the missing receipt.
Formerly: Acts 1973, P.L.268, SEC.1. As amended by P.L.125-1997, SEC.46.
Structure Indiana Code
Chapter 7. Indiana Grain Buyers and Warehouse Licensing and Bonding Law
26-3-7-1. Indiana Grain Buyers and Warehouse Licensing Agency; Employees
26-3-7-1.5. Liberal Construction
26-3-7-2.2. Determination of a Single Warehouse
26-3-7-3. Powers and Duties of Director
26-3-7-4. License; Application; Exemptions; Suspension or Revocation; Prohibited Operation
26-3-7-4.1. Renewal Application
26-3-7-5. Inspection and Certification of Scales
26-3-7-6.1. Financial Statement; Fines
26-3-7-6.3. Grain Buyers and Warehouse Licensing Agency License Fee Fund
26-3-7-6.5. Disclosure of Information; Investigations
26-3-7-7. Issuance of License or Permit; False Statements; Applicant's Qualifications
26-3-7-8.5. Licensing Requirements of Successor Owner
26-3-7-9. Bond, Cash Deposit, or Letter of Credit
26-3-7-10. Amount of Bond, Cash Deposit, Letter of Credit, or Other Surety; Deficiencies; Penalties
26-3-7-12. Insurance; Filing of Certificate; Settlement With Depositor in Case of Destruction
26-3-7-13. Additional Bond, Cash Deposit, Letter of Credit, or Insurance
26-3-7-14. Cancellation of Bond or Insurance; Approval; Notice; Suspension of License
26-3-7-16. Maintenance of Minimum Net Worth
26-3-7-16.5. Determination of Shortages; Payment of Claims; Hearings and Procedures
26-3-7-16.8. Liens on Grain Assets
26-3-7-17.1. Possible Violations; Powers of Director; Procedures
26-3-7-17.5. Notice of Suspension or Revocation of License; Notice of Denial of Application
26-3-7-18. Revocation, Expiration, or Suspension of License; Effect Upon Operation
26-3-7-19. Receipt of Grain; Ownership of Deposited Grain
26-3-7-20. Grain Owned by Licensee; Receipts; Transfer
26-3-7-21. Uniform Warehouse Receipts Act; Application to Transactions
26-3-7-22. Commingling of Grain
26-3-7-23. Return of Grain to Depositor
26-3-7-24. Duplicate Receipts; Restriction; Requisites; Bond
26-3-7-26.5. Deferred Pricing Agreement; Conditions; Penalties
26-3-7-28. Records and Accounts; Retention
26-3-7-29. Display of License or Permit; Schedule of Charges; Sign
26-3-7-30. Receipt Forms; Requests; Cost; Requisites for Accountability
26-3-7-31. Grain Shortages; Appointment of Receiver; Notice of Actions and Orders
26-3-7-32. Injunctions; Unlawful Removal of Grain; Temporary Restraining Orders
26-3-7-33. Examination of Warehouse; Fee; Expenses