Louisiana Administrative Code
Title 7 - AGRICULTURE AND ANIMALS
Part XXVII - Agricultural Commodity Dealer and Warehouse Law
Chapter 1 - Agricultural Commodities Commission
Subchapter B - Application for Warehouse, Grain Dealer and Cotton Merchant Licenses
Section XXVII-109 - Grounds for Refusal to Issue or Renew a Warehouse, Cotton Merchant, or Grain Dealer License
Universal Citation: LA Admin Code XXVII-109
Current through Register Vol. 50, No. 9, September 20, 2024
A. The commission may refuse to issue or renew a warehouse, cotton merchant, or grain dealer license in any of the following circumstances:
1. the applicant cannot demonstrate to the
satisfaction of the commission that he is competent to operate the business for
which the license is sought;
2. the
applicant cannot demonstrate a $100,000 net worth;
3. the applicant has failed to provide all of
the information required in the application for licensure;
4. the applicant has previously refused to
permit audit of his records;
5. the
applicant has not or cannot provide the security required by
R.S.
3:3401-3425;
6. the applicant has not or cannot secure the
insurance required by
R.S.
3:3401-3425;
7. if an applicant for a warehouse license:
the facilities in which the business will be operated are not suitable for
storage of agricultural commodities;
8. if an applicant for a grain dealer
license: the applicant has failed to hedge its obligations to producers as
required by
R.S.
3:3401-3425 and the rules contained in this
Part.
B. Any cotton merchant, warehouse or grain dealer whose application for license is refused by the commission may appeal the decision of the commission under the Administrative Procedure Act or through the judicial process.
AUTHORITY NOTE: Promulgated in accordance with R.S. 3:3405 and R.S. 3:3412.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
