49-45-22 Class A license requirements--Violation as misdemeanor.
Class A license requirements--Violation as misdemeanor.
A grain buyer with a
Class A license shall keep all company owned grain in the grain buyer's possession insured at current
market value of the grain against loss by fire, windstorm, and extended coverage risks. The grain
buyer shall furnish the commission with proof of the insurance when the grain buyer applies for a
license. A violation of this section is a Class 1 misdemeanor.
Source: SL 2008, ch 251, § 20.