North Dakota Administrative Code
Title 69 - Public Service Commission
Article 69-07 - Public Warehousing and Roving Grain and Hay Buyers Division
Chapter 69-07-01 - General
Section 69-07-01-04 - Storage in another warehouse

Universal Citation: ND Admin Code ยง 69-07-01-04
Current through Supplement No. 394, October, 2024

All nontransit grain owned or held by a warehouseman licensed under North Dakota Century Code chapter 60-02 must be held in a licensed and bonded warehouse, either within or outside the state. When grain is held in space that is not licensed by the warehouseman under North Dakota Century Code chapter 60-02, a warehouse document issued for that grain must identify the originating warehouse as the receiptholder. When grain held subject to a warehouse receipt is stored in a warehouse that is not licensed under North Dakota Century Code chapter 60-02, the originating warehouse must increase its bond to provide protection for that grain as well as its own licensed warehouse space.

Daily position records must include inventories held under nonnegotiable warehouse receipts issued by another licensed warehouseman.

General Authority: NDCC 60-02-03

Law Implemented: NDCC 60-02-03

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