Louisiana Administrative Code
Title 7 - AGRICULTURE AND ANIMALS
Part XXVII - Agricultural Commodity Dealer and Warehouse Law
Chapter 1 - Agricultural Commodities Commission
Subchapter I - Records and Reports
Section XXVII-141 - Records Required to be Maintained

Universal Citation: LA Admin Code XXVII-141

Current through Register Vol. 50, No. 9, September 20, 2024

A. Each grain dealer, cotton merchant and warehouse shall maintain the following records, when applicable to the commodity stored or traded, on a current basis in the company's principal office in this state at all times:

1. current financial statement;

2. bank statements;

3. bank reconciliations;

4. broker's statements;

5. current listing of unpriced commodities;

6. sequential record of all scale tickets;

7. sequential record of all warehouse receipts;

8. settlement or distribution sheets;

9. weight sheets;

10. perpetual inventory record;

11. insurance file, including copies of monthly reports to the carrier;

12. record of all assessments collected and remitted;

13. copies of all outstanding contracts;

14. copies of all outstanding notes and mortgages affecting the business;

15. a sample of each lot of grain, which contains grade factors equal to the level set forth for U.S. Sample Grade for each grain as published by the U.S. Department of Agriculture, Grain Inspection, Packers and Stockyards Administration, shall be:
a. maintained for five days from the original grade date; and

b. maintained in separate containers.

AUTHORITY NOTE: Promulgated in accordance with R.S. 3:3405, R.S. 3:3419 and R.S. 3:3414.3.

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.
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