2010 Michigan Compiled Laws
Chapter 285 - AGRICULTURE
Act 141 of 1939 - GRAIN DEALERS ACT (285.61 - 285.88)

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

• Section 285.61 - Short title.
• Section 285.62 - Definitions.
• Section 285.63 - Grain 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 285.64 - License; conduct; term; display; term of new license.
• Section 285.65 - Revocation of license; application for new license; events; notice of event.
• Section 285.66 - Temporary permit.
• Section 285.66a, 285.66b - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
• Section 285.67 - Grain dealer's license; application; form; contents; receipt of completed application; issuance of license within certain time period; submission; report.
• Section 285.67a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
• Section 285.68 - License fee; grain dealer's fees fund; fee schedule adjustment.
• Section 285.69 - Application for license or renewal; financial statement.
• Section 285.69a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
• Section 285.70 - Revocation or refusal to issue or renew license; hearing; conditions.
• Section 285.71 - Temporary facility.
• Section 285.71a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
• Section 285.72 - Destruction or damage of farm produce; certificate of insurance required; reimbursement to depositors; notice of cancellation or nonrenewal of insurance.
• Section 285.73 - Availability of books and records; confidentiality; disclosure.
• Section 285.74 - Commingling 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 285.75 - Daily position report.
• Section 285.76 - Records and accounts.
• Section 285.77 - Notice of intent to discontinue business.
• Section 285.78 - Receipt of farm produce; acknowledgment form.
• Section 285.79 - Suspension or revocation of grain dealer's license; reservation of rights; weighing and inspecting produce.
• Section 285.80 - Warehouse receipt.
• Section 285.81 - Price later agreement.
• Section 285.82 - Administration and enforcement of act; rules; powers and duties of director.
• Section 285.82a - Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
• Section 285.83 - Violation of act or rule; prohibited conduct; penalty.
• Section 285.84 - Violation of act or rule; administrative fines; warning; action by attorney general; license revocation; disposition of fine, costs, and recovery.
• Section 285.85 - Injunction; applicability of penalties to public officials; civil or criminal liability; hearing; local ordinance, regulation, or resolution; preemption; confidentiality; exceptions.
• Section 285.86 - Possession, liquidation, and distribution of assets; satisfaction of claims; reduction.
• Section 285.87 - Grain dealer license; surety bond; requirements; security for warehouse receipts and open storage transactions.
• Section 285.88 - Grain merchandiser or farm produce trucker; surety bond; requirements.