Indiana Statutes
§ 26-3-7-14 — Fines; revocation of license
Indiana·Title 26 COMMERCIAL LAW·Art. 3 WAREHOUSES·Ch. 7 Indiana Grain Buyers and Warehouse Licensing and
(a)A licensee may not cancel an approved
bond or approved insurance unless the director has given prior written
approval for the cancellation and has received a substitute cash deposit
or has approved a substitute bond or insurance. The surety on a bond
may cancel a bond required by this chapter only after the expiration of
ninety (90) days from the date the surety mailed a notice of intent to
cancel, by registered or certified mail, to the director. An insurance
company may cancel insurance required by this chapter only after the
expiration of a thirty (30) day period from the mailing, by certified
mail, of notice of intent to cancel, to the director. The surety and the
insurance company shall, at the time of giving notice to the director,
send a copy of the notice to the licensee.
(b)N
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Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability