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2006 Michigan Compiled Laws - Act 141 of 1939


GRAIN DEALERS ACT

Act 141 of 1939

AN ACT to regulate the storage, warehousing, buying, and selling of farm produce within this state; to provide for the licensing, regulation, and bonding of grain dealers; to provide for warehouse receipts, acknowledgment forms, and price later agreements and their use and priority; to provide for the creation of security interests; to provide for certain powers and duties of the department of agriculture and its director; to impose certain duties on insurance companies and sureties; and to provide administrative remedies and penalties for the violation of this act.


History: 1939, Act 141, Eff. Sept. 29, 1939 ;--Am. 1962, Act 159, Eff. Mar. 28, 1963 ;--Am. 1976, Act 259, Imd. Eff. Aug. 12, 1976 ;--Am. 1984, Act 169, Imd. Eff. June 29, 1984 ;--Am. 2002, Act 80, Eff. Mar. 31, 2003




The People of the State of Michigan enact:

DocumentDescription
Section 285.61Short title.
Section 285.62Definitions.
Section 285.63Grain dealer; license required; issuance; prohibited conduct; allowable net asset requirements; surety bond; acting as grain dealer without license; misdemeanor; review of books and records; injunction.
Section 285.64License; conduct; term; display; term of new license.
Section 285.65Revocation of license; application for new license; events; notice of event.
Section 285.66Temporary permit.
Section 285.66a, 285.66bRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.67Grain dealer's license; application; form; contents; receipt of completed application; issuance of license within certain time period; submission; report.
Section 285.67aRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.68License fee; grain dealer's fees fund; fee schedule adjustment.
Section 285.69Application for license or renewal; financial statement.
Section 285.69aRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.70Revocation or refusal to issue or renew license; hearing; conditions.
Section 285.71Temporary facility.
Section 285.71aRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.72Destruction or damage of farm produce; certificate of insurance required; reimbursement to depositors; notice of cancellation or nonrenewal of insurance.
Section 285.73Availability of books and records; confidentiality; disclosure.
Section 285.74Commingling produce; limitations on transactions; warehouse receipt or acknowledgment; standard of care; failure of depositor to remove or sell farm produce; limitation on loan balance.
Section 285.75Daily position report.
Section 285.76Records and accounts.
Section 285.77Notice of intent to discontinue business.
Section 285.78Receipt of farm produce; acknowledgment form.
Section 285.79Suspension or revocation of grain dealer's license; reservation of rights; weighing and inspecting produce.
Section 285.80Warehouse receipt.
Section 285.81Price later agreement.
Section 285.82Administration and enforcement of act; rules; powers and duties of director.
Section 285.82aRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.83Violation of act or rule; prohibited conduct; penalty.
Section 285.84Violation of act or rule; administrative fines; warning; action by attorney general; license revocation; disposition of fine, costs, and recovery.
Section 285.85Injunction; applicability of penalties to public officials; civil or criminal liability; hearing; local ordinance, regulation, or resolution; preemption; confidentiality; exceptions.
Section 285.86Possession, liquidation, and distribution of assets; satisfaction of claims; reduction.
Section 285.87Grain dealer license; surety bond; requirements; security for warehouse receipts and open storage transactions.
Section 285.88Grain merchandiser or farm produce trucker; surety bond; requirements.

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