RCW 22.09.456
Grain indemnity fund program—Additional payment limitations.
In addition to the payment limitations imposed by RCW 22.09.451, payment of any claim approved before the grain indemnity fund first reaches a balance of one million two hundred fifty thousand dollars, shall be limited to the following amounts:
(1) For claims against a licensed grain warehouse, payment shall not exceed the lesser of seven hundred fifty thousand dollars or an amount equal to the licensee's total bushels of licensed storage space multiplied by the rate of eighteen cents.
(2) For claims against a licensed grain dealer, payment shall not exceed the lesser of seven hundred fifty thousand dollars or an amount equal to six percent of the gross purchases of the licensee during the licensee's immediately preceding fiscal year.
(3) The unpaid balance of any claim subject to this section shall be paid when the grain indemnity fund first reaches a balance of one million two hundred fifty thousand dollars, provided that the total paid on the claim shall not exceed the limits specified in RCW 22.09.451.
[ 1987 c 509 § 17.]
NOTES:
Severability—1987 c 509: See note following RCW 22.09.060.
Structure Revised Code of Washington
Title 22 - Warehousing and Deposits
Chapter 22.09 - Agricultural Commodities.
22.09.020 - Department authority—Rules.
22.09.030 - Warehouse license or licenses required.
22.09.035 - Grain dealer license required, exception.
22.09.040 - Application for warehouse license.
22.09.045 - Application for grain dealer license.
22.09.050 - Warehouse license fees—Penalty.
22.09.055 - Grain dealer—Exempt grain dealers—License fees—Penalty.
22.09.060 - Bond or certificate of deposit and insurance prerequisite to license—Exemption.
22.09.070 - Warehouse licenses—Issuance—Posting—Duration.
22.09.075 - Grain dealer licenses—Issuance—Posting—Duration.
22.09.080 - Licenses—Denial—Suspension—Revocation.
22.09.095 - Single bond by multiple applicants.
22.09.100 - Bonds—Duration—Release of surety—Cancellation by surety.
22.09.110 - Casualty insurance required—Certificate to be filed.
22.09.120 - Insurance—Cancellation procedure—Suspension of license.
22.09.150 - Rights and duties of warehouse operator—Delivery of stored commodities—Damages.
22.09.160 - Rights and duties of licensees—Disposition of hazardous commodities.
22.09.175 - Presumptions regarding commodities—Approval of contracts.
22.09.180 - Rights and duties of licensees—Records, contents—Itemized charges.
22.09.190 - Rights and duties of warehouse operator—Rebates, preferences, etc., prohibited.
22.09.200 - Rights and duties of licensees—Reports to department.
22.09.220 - Rights and duties of licensees—Premises, construction and maintenance.
22.09.230 - Rights and duties of warehouse licensees—Signs—Use of "Washington Bonded Warehouse."
22.09.240 - Rights and duties of warehouse operator—Schedule of rates—Posting—Revision.
22.09.250 - Rights and duties of warehouse operator—Unlawful practices.
22.09.260 - Deposit of commodities unfit for human consumption—Notice.
22.09.290 - Warehouse receipts—Required terms.
22.09.310 - Warehouse receipts—Dealing in unauthorized receipts prohibited—Penalty.
22.09.320 - Warehouse receipts—Lost or destroyed receipts.
22.09.330 - Scale weight tickets not precluded.
22.09.350 - Remedies of department on discovery of shortage.
22.09.381 - Depositors' claims, processing by department.
22.09.391 - Depositor's lien—Liquidation procedure.
22.09.405 - Grain indemnity fund program—Activation—In lieu of other security.
22.09.411 - Grain indemnity fund program—Fund established—Contents, deposits, disbursements, use.
22.09.416 - Grain indemnity fund program—Assessments.
22.09.426 - Grain indemnity fund program—Annual assessments—Limitations.
22.09.431 - Grain indemnity fund program—Additional security.
22.09.436 - Grain indemnity fund program—Advisory committee.
22.09.441 - Grain indemnity fund program—Processing of claims.
22.09.446 - Grain indemnity fund program—Failure to file claim in time.
22.09.451 - Grain indemnity fund program—Payment limitations.
22.09.456 - Grain indemnity fund program—Additional payment limitations.
22.09.461 - Grain indemnity fund program—Payment of claims—Restrictions, priority.
22.09.471 - Grain indemnity fund program—Proceedings against licensee.
22.09.520 - Deposits as bailments.
22.09.570 - Action on bond by director—Authorized—Grounds.
22.09.600 - Action on bond by director—Powers of director.
22.09.615 - Action by depositor upon licensee's bond.
22.09.620 - Payment for agricultural commodities purchased—Time requirements.
22.09.630 - Payment violations—Recovery by department—Charges to depositors.
22.09.640 - Publication and distribution of list of licensed warehouses.
22.09.650 - Remedies of department as to stations.
22.09.660 - Emergency storage situation—Forwarding to other warehouses.
22.09.710 - Designation of inspection points and terminal warehouses.
22.09.720 - Grades and standards of commodities—Regulations.
22.09.730 - Inspection or grading of commodities—Methods.
22.09.740 - Inspection or grading of commodities—File samples, retention.
22.09.770 - Inspection or grading of commodities—Unlawful practices—Penalty.
22.09.780 - Inspection or grading of commodities.
22.09.790 - Inspection or grading of commodities—Fees and charges.
22.09.800 - Inspection or grading of commodities—Scales and weighing.
22.09.820 - Inspection or grading of commodities—Unloading commodity without inspection or weighing.
22.09.830 - Grain inspection revolving fund—Hop inspection fund—Grain warehouse audit account.
22.09.840 - Fumigated conveyances to be labeled.
22.09.850 - Railroads to provide side tracks and track scales—Weighing of cars.
22.09.860 - Police protection of terminal yards and tracks.
22.09.880 - Cooperation with governmental agencies and private associations.
22.09.900 - Continuation of rules adopted pursuant to repealed chapter.
22.09.910 - Savings—1963 c 124.