Indiana § 26-3-7-15 Grain inventories; sufficiency for outstanding warehouse receipts or
other storage obligations

Indiana Statutes

§ 26-3-7-15 — Grain inventories; sufficiency for outstanding warehouse receipts or other storage obligations

Indiana § 26-3-7-15

Title 26COMMERCIAL LAW

Art. 3WAREHOUSES

Ch. 7Indiana Grain Buyers and Warehouse Licensing and

This text of Indiana § 26-3-7-15 (Grain inventories; sufficiency for outstanding warehouse receipts or other storage obligations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-3-7-15 (2026).

Text

(a)A licensee shall maintain inventories of sufficient quantity and grade of grain to meet the licensee's storage obligations.

(b)Inventories representing grain evidenced by outstanding warehouse receipts shall be maintained in the warehouse shown on the warehouse receipt issued by the warehouse in which the grain was originally deposited.

(c)Inventories representing storage obligations other than those evidenced by warehouse receipts may be represented by:

(1)receipts for grain stored in a facility licensed under this chapter;

(2)receipts in a warehouse licensed and bonded under the warehouse act; or

(3)other warehouse receipts or tickets as approved by the director. Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, SEC.9. As amended by Acts 1979, P.L.249, SEC.9; P.L.125-1997

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(a) A licensee shall maintain inventories of
sufficient quantity and grade of grain to meet the licensee's storage
obligations.
(b) Inventories representing grain evidenced by outstanding
warehouse receipts shall be maintained in the warehouse shown on the
warehouse receipt issued by the warehouse in which the grain was
originally deposited.
(c) Inventories representing storage obligations other than those
evidenced by warehouse receipts may be represented by:
(1) receipts for grain stored in a facility licensed under this
chapter;
(2) receipts in a warehouse licensed and bonded under the
warehouse act; or
(3) other warehouse receipts or tickets as approved by the
director.
Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120,
SEC.9. As amended by Acts 1979, P.L.249, SEC.9; P.L.125-1997,
SEC.33.