§ 4.1-58-14 — Revocation and suspension

1. Except as provided in subsection 2, the commissioner may suspend or revoke the
license of a warehouseman for cause upon notice and hearing.
2. Notwithstanding any other provision of this chapter, the commissioner immediately
shall suspend the license of a warehouseman for failure at any time to have or to
maintain either a bond or insurance policy in the amount and type required.
3. During a license suspension, the warehouseman, upon the commissioner's approval,
may operate the warehouse and purchase or redeliver grain previously received, but
may not receive additional grain for purchase, storage, shipping, or processing. The
warehouseman may sell grain only with the prior approval of the commissioner.