Missouri Revised Statutes
Chapter 411 - Missouri Grain Warehouse Law
Section 411.401 - Grain accepted for storage in other public warehouse — form of trust receipts.

Effective - 28 Aug 1965
411.401. Grain accepted for storage in other public warehouse — form of trust receipts. — If the grain is offered for storage in any licensed public warehouse and the warehouseman does not have storage space to handle the same, the public warehouseman, with the consent of the owner and at his option, may accept grain shipment to a public warehouse where storage is available. The form of trust receipt to cover grain for storage by public warehouses, and to be transported to and stored in a public warehouse, shall be on a form approved by the director of agriculture and shall embody within its written or printed terms:
(1) The date of the issuance of the receipts;
(2) The name of the warehouse issuing the same and its location;
(3) The rate of storage or the basis for the charges;
(4) The net weight in bushels and pounds and percentage of dockage together with the grade;
(5) The words "trust receipt" and "nonnegotiable" clearly and conspicuously printed or stamped thereon;
(6) The signature of the warehouseman, which may be made by his authorized agent and filed with the director;
(7) A statement of the amount of the advances made, or the liabilities incurred, for which the warehouse claims a lien, but if the precise amount of advances made, or the liabilities incurred, be at the time of the issuance of the receipt unknown to the warehouseman, or to his agent who issues it, a statement of the fact that the advances have been made, or liabilities incurred, and the purpose thereof, is sufficient.
­­--------
(L. 1965 p. 606)

Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXVI - Trade and Commerce

Chapter 411 - Missouri Grain Warehouse Law

Section 411.010 - Short title.

Section 411.012 - Purpose.

Section 411.015 - Scope of law.

Section 411.020 - Application of law — construction of laws governing warehouse receipts.

Section 411.026 - Definitions.

Section 411.028 - Grain delivered to warehouse for cleaning, processing and returned for seed, not grain as defined for grain warehouse law.

Section 411.030 - Department of agriculture to grade and weigh grains — operate laboratories and stations — supervise warehouses — federally owned grain, duties.

Section 411.050 - Bond of director.

Section 411.061 - Director not to deal in grain, exception.

Section 411.070 - Director — powers and duties — rules, procedure.

Section 411.100 - Inspectors — qualifications.

Section 411.110 - Weighmasters — powers and duties.

Section 411.135 - Warehouseman to act as registrar of receipts — records to be kept.

Section 411.140 - Personnel of branch offices — appointment — qualifications — duties.

Section 411.145 - Department may conduct grain inspection business outside state, when.

Section 411.150 - Fees, how fixed.

Section 411.151 - Grain inspection fee fund established — deposits and disbursements — not to lapse — transfers from general revenue — investment of fund.

Section 411.160 - Grain inspected and weighed by authorized inspectors — penalty.

Section 411.170 - Certificates shall be evidence — right of revocation.

Section 411.180 - Right of examination, audit and inspection — confidential information, penalty for disclosure — subpoena powers of director — director to investigate complaints, when.

Section 411.200 - Reinspection.

Section 411.255 - Operations for which a license is required — administrative penalty for operating without license.

Section 411.260 - Application for public warehouse license, contents — rules — financial statements — false financial statement, penalty.

Section 411.263 - Fee for license.

Section 411.266 - Renewal of license — application, contents of — penalty for late renewal.

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

Section 411.271 - Examination of warehouse — paid for by whom — discrepancy, effect of.

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 depositor...

Section 411.276 - Liability of surety not cumulative.

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, penal...

Section 411.278 - Amount of bond, how computed.

Section 411.280 - Warehouseman's net worth, requirements — deficiency, how corrected.

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

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...

Section 411.285 - Procedure after license is revoked — injunction to sell or remove grain, hearing, notice.

Section 411.287 - Director may monitor operations, when — fee for monitoring — director may order shipments of grain stopped, failure to obey order, penalty.

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

Section 411.295 - Director may hold hearings, administer oaths, subpoena witnesses and evidence, and punish for contempt.

Section 411.301 - Director may enjoin violations.

Section 411.311 - Operation without license prohibited, penalty.

Section 411.321 - Terminal warehouseman to receive, inspect, weigh and grade grain.

Section 411.323 - Nonterminal warehouseman to receive, inspect, weigh and grade grain — exceptions — may issue receipts for own grain, how.

Section 411.325 - Delivery of grain to warehouse — procedure — contract — grain deemed for storage, when — deferred pricing and deferred payment and minimum price agreements — transactions not covered by bond — all grain deemed storage covered by bon...

Section 411.327 - Grain bank grain, how treated.

Section 411.331 - Grain may be withheld from going into terminal warehouse — when — how — penalties.

Section 411.341 - Grain may be stored in special bin — receipt to indicate.

Section 411.360 - Cleaning, preservation by warehouseman of grain specially stored — requirements — change of condition of grain, notice — delivery to other than owner or receipt holder unauthorized.

Section 411.371 - Warehouse receipts, approval by director required — counterfeiting, penalty for — unused receipts returned to director, when — unlawful issuance of receipts, penalty.

Section 411.381 - Receipts, contents — prima facie evidence of holder's claim to grain.

Section 411.383 - Warehouse receipt register, how maintained.

Section 411.391 - Warehouseman may sell or pledge receipts issued for grain owned by him.

Section 411.401 - Grain accepted for storage in other public warehouse — form of trust receipts.

Section 411.405 - Grain shipped to terminal warehouse at request of owner — how — grain shipped to other licensed warehouses for storage to cover nonreceipted storage obligations, how.

Section 411.410 - Receipts to be numbered — duplicates.

Section 411.420 - Lost receipts — procedure.

Section 411.451 - Fraudulent receipts prohibited — division or consolidation of receipts — delivery of grain.

Section 411.491 - Warehouseman must deliver grain, when.

Section 411.511 - Warehouseman should deliver grain, to whom.

Section 411.515 - Inventory required to be maintained — documents required to establish inventory.

Section 411.517 - Records required to be kept.

Section 411.518 - Scale tickets — required, contents, constitute nonnegotiable receipts, evidence of holder's claim to grain — custom weighing defined.

Section 411.519 - Insufficient inventory, procedure to correct — insolvency, director may modify, suspend or revoke license or request order to be named trustee, procedure, order — warehouseman may appeal, how.

Section 411.520 - Misfeasance or malfeasance — accepting money — improper influence — penalty.

Section 411.523 - Warehouseman liable for conversion, when.

Section 411.531 - Failure to take up and cancel receipt — warehouseman liable — when.

Section 411.541 - Failure to mark receipt upon delivery of part of grain — warehouseman liable — when.

Section 411.551 - Alteration of receipt — effect of.

Section 411.561 - Receipt marked "duplicate" — meaning of.

Section 411.571 - Transferor of receipt to endorse.

Section 411.581 - Warranties on negotiation or transfer of receipt.

Section 411.591 - Endorser not a guarantor for other parties.

Section 411.601 - Certain devices prohibited where official state weights are given.

Section 411.611 - Issuance of receipt without receiving grain — penalty.

Section 411.621 - False statement — penalty.

Section 411.631 - Issuance of receipt without indicating warehouseman's ownership — penalty.

Section 411.641 - Improper delivery — penalty.

Section 411.651 - Fraudulent deposit of grain and negotiation of receipt — penalty.

Section 411.661 - Penalty for violation of law — operating without a license, effect of payment of penalty fee.

Section 411.671 - Discontinuing business as public warehouse — procedure — license invalid on cessation or on change in ownership — notice — audit and examination.

Section 411.681 - Law not applicable to weighing or weighing supervision, in federally licensed warehouse, by exchange or board of trade.

Section 411.691 - Fee for public warehouse license, how computed.

Section 411.701 - Director may contract with federal agencies.

Section 411.750 - Safe working conditions to be maintained.

Section 411.755 - Failure to pay fees, effect of.

Section 411.760 - Remedies provided are in addition to and not exclusive.

Section 411.770 - Stealing grain, penalty.

Section 411.775 - Attorney general and prosecutors may prosecute upon complaint.

Section 411.778 - Sign to be posted on warehouse or scale designating licensed or not licensed as warehouse — requirements — violation, penalties.

Section 411.800 - Definitions — statutory lien on grain and grain-related assets for benefit of depositors.