Indiana Code
Chapter 7. Indiana Grain Buyers and Warehouse Licensing and Bonding Law
26-3-7-7. Issuance of License or Permit; False Statements; Applicant's Qualifications

Sec. 7. (a) The director may issue or amend a license after the director has:
(1) received and approved the required information and documentation; and
(2) determined that:
(A) the facility or facilities covered by the application are suitable for the proper storage or handling of the grain intended to be stored or handled in the facility or facilities; and
(B) the applicant has complied with this chapter and the rules adopted under this chapter.
(b) A person may not represent that the person is licensed under this chapter, and may not use a name or description that conveys the impression that the person is licensed, in a receipt or otherwise, unless the person holds an unsuspended and unrevoked license to conduct the business indicated by the license.
(c) An applicant for a license under this chapter must show that the applicant:
(1) has a good business reputation;
(2) has not been involved in improper manipulation of books and records or other improper business practice;
(3) has the qualifications and background essential for the conduct of the business to be licensed;
(4) employs management and principal officers that have suitable business reputations, background, and qualifications to perform their duties;
(5) has not been found guilty of a crime that would affect the licensee's ability to conduct business with integrity; and
(6) does not employ an officer, director, partner, or manager that has been found guilty of a crime that would affect the licensee's ability to conduct business with integrity.
Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, SEC.5. As amended by Acts 1979, P.L.249, SEC.4; Acts 1982, P.L.155, SEC.7; P.L.17-1985, SEC.21; P.L.191-1991, SEC.5; P.L.249-1995, SEC.2; P.L.125-1997, SEC.25.

Structure Indiana Code

Indiana Code

Title 26. Commercial Law

Article 3. Warehouses

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. Definitions

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

26-3-7-4.2. Registered Agent

26-3-7-4.5. Repealed

26-3-7-5. Inspection and Certification of Scales

26-3-7-6. Types of Licenses Issued; Application for License; Fees; Payment of Fees; Current Liability Ratio; Review Level Financial Statement Inspection

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. Temporary License

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

26-3-7-11. Repealed

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

26-3-7-15. Grain Inventories; Sufficiency for Outstanding Warehouse Receipts or Other Storage Obligations

26-3-7-16. Maintenance of Minimum Net Worth

26-3-7-16.1. Repealed

26-3-7-16.5. Determination of Shortages; Payment of Claims; Hearings and Procedures

26-3-7-16.6. Procedures

26-3-7-16.7. Appeals

26-3-7-16.8. Liens on Grain Assets

26-3-7-17. Repealed

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

26-3-7-25. Terms of Receipts

26-3-7-26. Terms of Tickets

26-3-7-26.5. Deferred Pricing Agreement; Conditions; Penalties

26-3-7-27. Repealed

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

26-3-7-34. Violations

26-3-7-35. Grain Buyer License Required

26-3-7-36. Deposit of Fees