69-239. DUTIES OF WAREHOUSEMAN — CONTENTS OF RECORDS. (1) The warehouseman shall maintain current and complete records at all times with respect to all agricultural commodities handled, deposited, shipped or merchandised by him, including agricultural commodities owned by him. Such records shall include, but are not limited to, a daily position record showing the total quantity of each kind and class of agricultural commodity received and loaded out and the amount remaining on deposit at the close of each business day, and the warehouseman’s total deposit obligation, including agricultural commodities owned by him, for each kind and class of agricultural commodity at the close of each business day.
(2) Every warehouseman purchasing any agricultural commodity from a depositor thereof shall promptly make and keep for five (5) years a correct record showing in detail the following information:
(a) The name and address of the depositor;
(b) The date purchased;
(c) The terms of the sale; and
(d) The quality and quantity purchased by the warehouseman and, where applicable, the dockage, tare, grade, size and net weight.
(3) Records required by this section shall be legible and kept in a place of safety in this state. If a person operates at more than one (1) location, records of each location’s transactions must be identifiable.
History:
[69-239, added 1982, ch. 25, sec. 29, p. 46; am. 1988, ch. 350, sec. 3, p. 1048; am. 2001, ch. 304, sec. 6, p. 1107; am. 2002, ch. 259, sec. 28, p. 772.]
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