Okla. Admin. Code § 35:10-7-1

Current through Vol. 42, No. 4, November 1, 2024

Section 35:10-7-1 - Receipts, records, and scale tickets

(a) If a warehouseman delivers part of a lot of a commodity covered by one receipt, the original receipt shall be cancelled, and issue a new receipt covering the undelivered portion of the commodity when requested by the holder of the warehouse receipt.

(b) Warehouse receipts are serially numbered and the warehouseman shall account for all receipts.

(c) Upon termination or suspension of the public warehouse charter, all unused receipts shall be returned to the Board.

(d) Upon the delivery of a commodity, the original or negotiable warehouse receipt shall be surrendered to the warehouseman, marked "cancelled" in ink with the date of the cancellation and disposition of the commodity upon the face of the receipt, and filed in numerical sequence.

(e) Each warehouse shall provide proper protection for all printed forms and receipts provided by the Board and keep them available for audit at any regular office hours by the Board.

(f) Daily position record; a complete and accurate daily position record, on a form approved by the Board shall be maintained by the warehouseman, and updated each day there is a commodity transaction that affects the daily position record.

(g) Warehouse receipts and scale tickets shall be issued and maintained in series and numerical order.

Okla. Admin. Code § 35:10-7-1

Amended at 14 Ok Reg 3699, eff 8-7-97 (emergency); Amended at 15 Ok Reg 2490, eff 6-25-98; Amended at 18 Ok Reg 1439, eff 5-25-01