80-4-416. Deposit of deficiency funds and liquidation funds. Revenue based on actual expenses received from the liquidation of commodity dealers and public warehouse operators, as authorized in 80-4-538 and 80-4-612, and from deficiency fees, authorized in 80-4-503, must be deposited in the account established in 80-4-415 and is statutorily appropriated, as provided in 17-7-502, to the department for the purposes of this chapter. Funds deposited under this chapter must be used to pay actual expenses incurred in the liquidation of commodity dealers and public warehouse operators or for the correction of storage deficiencies. Actual expenses include but are not limited to legal fees, court costs, travel expenses, per diem, and communication.
History: En. Sec. 17, Ch. 452, L. 1993.
Structure Montana Code Annotated
Chapter 4. Agricultural Commodities
Part 4. Agricultural Commodities Generally
80-4-404. Terms of licenses -- renewals
80-4-406. Appointment by nonresident licensee of agent to receive process
80-4-407. Reports to the department
80-4-408. Examination of books
80-4-409. Confidentiality of records
80-4-410. Publication of reports
80-4-411. Employment of assistants
80-4-412. through 80-4-414 reserved
80-4-415. Creation of commodity dealer/public warehouse operators account -- deposit of funds
80-4-416. Deposit of deficiency funds and liquidation funds
80-4-417. and 80-4-418 reserved
80-4-419. Bankruptcy as grounds for cancellation
80-4-421. License suspension and revocation -- renewal
80-4-422. Delayed payment or purchase contracts
80-4-424. Director's authority -- investigative hearing
80-4-425. Action on bond by persons injured -- liability of surety -- statute of limitations
80-4-428. Penalty for operating without license -- misrepresentation