Statutes, codes, and regulations
North Dakota Administrative Code
Title 69 - Public Service CommissionArticle 69-07 - Public Warehousing and Roving Grain and Hay Buyers Division
Chapter 69-07-01 - General
Section 69-07-01-14 - Grain buyers license - Processed grain

N.D. Admin. Code 69-07-01-14

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Current through Supplement No. 394, October, 2024
Section 69-07-01-14 - Grain buyers license - Processed grain

A grain buyers license is not required if a purchaser is acquiring grain that is owned by the licensed entity and that has been:

1. Substantially altered by processing or blending with a nongrain product; or
2. Cleaned and bagged and made ready for consumption.

Any processed commodity will, however, be considered grain and thereby made an asset that is available to the commission in an insolvency proceeding.

N.D. Admin Code 69-07-01-14

Effective August 1, 1999.

General Authority: NDCC 60-02-03, 60-02.1-03

Law Implemented: NDCC 60-02-03, 60-02.1-03