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251.430 License required -- Exception -- Renewal -- Fee.
Any person, firm, or corporation who accepts grain for storage in this state shall first
procure a license from the department as required by the board before transacting
any business. This shall not apply to the storage of grain by an establishment
bonded and licensed under the provisions of a federal law to the extent that the
stored grain is covered by a federal bond and law; otherwise, the establishments
shall comply with the provisions of this chapter. Any establishment that has
unpaid-for grain thirty (30) days after delivery of the last load by a producer shall be
considered in the grain storage business. The license shall expire on June 30, and
shall be renewed annually by August 1. The fee for each license shall be according
to the following schedule, and shall be used for carrying out the provisions of this
chapter:
Total annual volume handled:
(1) Under two million (2,000,000) bushels, three hundred dollars ($300);
(2) Two million (2,000,000) to five million nine hundred ninety-nine thousand nine
hundred ninety-nine (5,999,999) bushels, four hundred fifty dollars ($450);
(3) Six million (6,000,000) to nine million nine hundred ninety-nine thousand nine
hundred ninety-nine (9,999,999) bushels, six hundred dollars ($600); or
(4) Ten million (10,000,000) bushels and up, seven hundred fifty dollars ($750).
Effective:June 25, 2009
History: Amended 2009 Ky. Acts ch. 61, sec. 1, effective June 25, 2009. -Amended 2005 Ky. Acts ch. 125, sec. 2, effective June 20, 2005. -- Amended
1984 Ky. Acts ch. 389, sec. 15, effective July 13, 1984. -- Amended 1972 Ky.
Acts ch. 347, sec. 2. -- Created 1970 Ky. Acts ch. 252, sec. 3.
Legislative Research Commission Note (4/24/2006). For the sake of consistency
with the numbering system used throughout the Kentucky Revised Statutes, the
designations "(a)," "(b)," "(c)," and "(d)" in this statute have been changed to
"(1)," "(2)," "(3)," and "(4)." See KRS 7.136.
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