Iowa Code r. 21-90.11 - Notice to the warehouse bureau
(1)
The licensee shall notify the bureau prior to:
a. Change of ownership of a
warehouse.
b. Change in name or
business address of a warehouse or warehouse operator.
c. The use of additional storage facilities
which are not covered under the warehouse operator license.
d. The use of any facility under the
warehouse operator license for storage of a product other than that for which
it is licensed.
e. The changing of
the licensee's fiscal year.
f.
Using any bin or facility which has had a structural change.
g. The ceasing of operations.
(2) The licensee shall notify the
bureau within 24 hours after the licensee knows or should have known any of the
following:
a. Loss or damage to stored
products or to licensed storage facilities;
b. Licensee's net worth falling below the
amount required by Iowa Code section
203C.6 and if the amount of the
deficiency is not covered by a net worth deficiency bond as required by Iowa
Code section 203C.6; or
c. Any quality or quantity deficiency of
grain.
(3) The licensee
shall notify the bureau within ten days after the licensee knows or should have
known any of the following:
a. Termination of
a lease on storage facilities, or the leasing of a facility under license to
any other person;
b. The death of
an individual or any member of a partnership operating a warehouse;
or
c. Any change in management.
This rule is intended to implement Iowa Code sections 203C.2, 203C.6, 203C.8 and 203C.9.
Notes
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