49-43-58 Commission access to central filing system--Memorandum of adjustments--Civil penalties.
Commission access to central filing system--Memorandum of adjustments--Civil
An independent provider shall allow the commission unrestricted access to the central
filing system for electronic warehouse receipts maintained on behalf of warehouse operators licensed
by the commission. The electronic warehouse receipt data shall be maintained for six years after
cancellation of the receipts. Access shall be made available in a manner that allows interaction with
commission warehouse examinations. Access shall be free of any charge or costs to the commission.
The commission may exercise the power of subpoena and examine witnesses in accordance with
chapter 1-26. An independent provider that refuses access to the independent provider's central filing
system or hinders and delays the commission or any of its employees or agents in examining the
books and accounts may be punished by a civil fine not to exceed two thousand dollars. In addition,
the commission may revoke the ability of the independent provider to issue electronic warehouse
Upon completing an inspection, an inspector may issue a memorandum of adjustments. The
commission may assess a civil fine in the amount of two hundred dollars a day for failure to comply
with the memorandum of adjustments within thirty days. After thirty days, each day that the
memorandum goes uncorrected may be considered a separate offense.
Source: SL 2012, ch 232, § 6.