Michigan Legislature - Act 141 of 1939

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95th Legislature Regular Session
Michigan Compiled Laws Complete Through PA 242 of 2009

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mcl Act 141 of 1939

Act 141 of 1939

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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

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Section 285.66a, 285.66b	Section	Repealed. 2002, Act 80, Eff.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Section 285.67a	Section	Repealed. 2002, Act 80, Eff.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Section 285.69a	Section	Repealed. 2002, Act 80, Eff.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Section 285.71a	Section	Repealed. 2002, Act 80, Eff.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Section 285.82a	Section	Repealed. 2002, Act 80, Eff.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

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