§ 26-3-7-6.8 — License application documents; approval timeline and procedures

Indiana § 26-3-7-6.8

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 3: WAREHOUSES
• Ch. 7: Indiana Grain Buyers and Warehouse Licensing and

Text

8. (a) A person that desires to conduct business
as a grain buyer, warehouse operator, or buyer-warehouse in Indiana
shall submit to the director the following:
(1) A completed license application in the form required by the
agency.
(2) A financial statement that complies with the requirements of
this chapter and that reflects the applicant's financial situation on
a date not more than fifteen (15) months before the date the
applicant first submits any of the license application materials
required under this subsection.
(3) A completed certificate of deposit, a bond, or other security,
in the form required by the agency, and proof of the deposit, bond,
or other security sufficient to demonstrate compliance with the
requirements of this section, including, as applicable, complete
and accurate copies of all instruments, documents, or materials
related to the deposit, bond, or other security.
(4) A completed certificate of insurance, in the form required by
the agency, and proof of insurance sufficient to demonstrate
compliance with the requirements of this section.
(5) Proof of compliance with the scale certification requirements.
(6) A certificate of good standing or other documentation
sufficient to demonstrate that the applicant is licensed to do
business in Indiana, including a current copy of the applicant's
business information that is maintained by the secretary of state.
(7) Examples of grain delivery tickets, settlement sheets, purchase
agreements, storage agreements, and other similar agreements
that comply with the requirements of this chapter, that are to be
used by the applicant in conducting business as a licensee in
Indiana.
(8) Any other documentation that the director determines is
necessary to demonstrate that the applicant is in compliance with
the requirements for a license under this chapter.
(b) Within ninety (90) days of the receipt of all license application
materials required under subsection (a), the director or director's
designated representative shall review the license application and
determine whether the applicant has demonstrated compliance with the
requirements for a license under this chapter.
(c) An on-premises inspection of each applicable facility located
within Indiana is required.
(d) The application must be denied if the applicant is not in full
compliance with this chapter.
(e) If a license application is denied for any reason under this
section, the notice of denial must set forth each reason for the denial,
including any failure by the applicant to comply with the requirements
of this chapter.
(f) An applicant may appeal a decision of the director to deny a
license under IC 4-21.5-3.

Legislative History

As added by P.L.114-2025, SEC.14.