49-45-16 Grounds for suspension of grain buyer's license--Hearing--Revocation.
Grounds for suspension of grain buyer's license--Hearing--Revocation.
commission may immediately suspend the license of a grain buyer and the grain buyer shall
surrender the license to the commission if:
The grain buyer refuses, neglects, or is unable, upon proper demand, to redeem any scale
ticket issued by the grain buyer, through redelivery or cash payment;
The grain buyer refuses, neglects, or is unable to provide a bond in an amount required
by the commission;
The commission has knowledge of any act of insolvency, including the filing of a petition
in bankruptcy naming the grain buyer as debtor; or
The grain buyer refuses to submit to an inspection or cooperate with the lawful requests
of a commission inspector, including requests for access to and copies of the books and
records of the grain buyer.
Within fifteen days the grain buyer may request a hearing pursuant to chapter 1-26 to determine
if the license should be revoked. If no request is made within fifteen days, the commission shall
revoke the license.
Source: SL 1989, ch 404, § 5; SL 2008, ch 251, § 15; SL 2011, ch 211, § 10; SL 2013, ch 238, § 16,
eff. Apr. 1, 2013.