Section 69-07-01-10 - License suspension Upon suspension of its license, a licensee must:
1. Within five days of receipt of notice, provide each receiptholder with written notice that its license is suspended, if applicable, and that grain must be removed from the facility or it will be priced and redeemed in cash in accordance with state law. The notice must contain the projected date of license revocation and indicate that if a receiptholder chooses not to sell the grain to the licensee and does not take redelivery prior to revocation, the grain may no longer be covered by insurance or bond. 2. If applicable, keep the commission's suspension notice conspicuously posted in the office window or on the front driveway door of the facility. 3. Surrender the license to the commission. 4. If applicable, not receive additional grain for purchase, storage, shipping, or processing. 5. If applicable, refrain from selling or shipping grain without prior written commission approval. N.D. Admin Code 69-07-01-10
Effective February 1, 1991; amended effective August 1, 1999; March 1, 2003.General Authority: NDCC 60-02-03, 60-02.1-03
Law Implemented: NDCC 60-02-09.1, 60-02-10.1, 60-02-35.1, 60-02.1-09, 60-02.1-11, 60-02.1-22