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North Dakota Century Code Title 4.1. Agriculture § 4.1-58-08. Public warehouse license--Fee--Posting of license

Current as of January 01, 2024 | Updated by Findlaw Staff

1. A license must be obtained from the commissioner for each public warehouse in operation in this state. A license issued is for one year and terminates on the thirty-first day of July in the year of expiration. An initial annual license application that becomes effective after June first does not expire until July thirty-first of the following calendar year.

2. A license may not describe more than one public warehouse nor grant permission to operate a public warehouse other than the one described.

3. a. The annual license fee for a public warehouse is:

(1) Four hundred dollars for a warehouse that purchased up to one million dollars worth of grain during the previous licensing period, or intends to purchase up to one million dollars worth of grain during the first year of operation;

(2) Eight hundred dollars for a warehouse that purchased more than one million dollars worth of grain but not more than ten million dollars worth of grain during the previous licensing period, or intends to purchase more than one million dollars worth of grain but not more than ten million dollars worth of grain during the first year of operation; and

(3) One thousand two hundred dollars for a warehouse that purchased more than ten million dollars worth of grain during the previous licensing period, or intends to purchase more than ten million dollars worth of grain during the first year of operation.

b. An application for an annual license renewal received after July fifteenth must include an additional one hundred dollar fee per warehouse.

4. If a public warehouseman operates two or more warehouses in the same city or railroad siding, in conjunction with each other and with the same working force, and keeps one set of books and records for the warehouses, and issues one series of scale tickets, warehouse receipts, checks, and credit-sale contracts for the grain stored and purchased, only one license is required for the operation of all the warehouses. When two or more warehouses are operated under one license, the license fee is based upon the combined value of the grain purchased by the warehouses during the previous licensing period.

5. The license must be posted in a conspicuous place in the public warehouse.

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Cite this article: FindLaw.com - North Dakota Century Code Title 4.1. Agriculture § 4.1-58-08. Public warehouse license--Fee--Posting of license - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-4-1-agriculture/nd-cent-code-sect-4-1-58-08/

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