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Michigan Compiled Laws Complete Through PA 321 of 2023
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Act 141 of 1939
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Act 141 of 1939

AN ACT to regulate the storage, warehousing, buying, and selling of farm produce within this state; to provide for the licensing, regulation, and bonding of grain dealers; to provide for warehouse receipts, acknowledgment forms, and price later agreements and their use and priority; to provide for the creation of security interests; to provide for certain powers and duties of the department of agriculture and its director; to impose certain duties on insurance companies and sureties; and to provide administrative remedies and penalties for the violation of this act.

History: 1939, Act 141, Eff. Sept. 29, 1939 ;-- Am. 1962, Act 159, Eff. Mar. 28, 1963 ;-- Am. 1976, Act 259, Imd. Eff. Aug. 12, 1976 ;-- Am. 1984, Act 169, Imd. Eff. June 29, 1984 ;-- Am. 2002, Act 80, Eff. Mar. 31, 2003

The People of the State of Michigan enact:

Section 285.61SectionShort title.
Section 285.62SectionDefinitions.
Section 285.63SectionGrain dealer; license required; issuance; prohibited conduct; allowable net asset requirements; surety bond; acting as grain dealer without license; misdemeanor; review of books and records; injunction.
Section 285.64SectionLicense; conduct; term; display; term of new license.
Section 285.65SectionRevocation of license; application for new license; events; notice of event.
Section 285.66SectionTemporary permit.
Section 285.66a, 285.66bSectionRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.67SectionGrain dealer's license; application; form; contents; receipt of completed application; issuance of license within certain time period; submission; report.
Section 285.67aSectionRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.68SectionLicense fee; grain dealer's fees fund; duration of license; fee schedule adjustment; "Detroit consumer price index" defined.
Section 285.69SectionApplication for license or renewal; financial statement.
Section 285.69aSectionRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.70SectionRevocation or refusal to issue or renew license; hearing; conditions.
Section 285.71SectionTemporary facility.
Section 285.71aSectionRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.72SectionDestruction or damage of farm produce; certificate of insurance required; reimbursement to depositors; notice of cancellation or nonrenewal of insurance.
Section 285.73SectionAvailability of books and records; confidentiality; disclosure.
Section 285.74SectionCommingling produce; limitations on transactions; warehouse receipt or acknowledgment; standard of care; failure of depositor to remove or sell farm produce; limitation on loan balance.
Section 285.75SectionDaily position report.
Section 285.76SectionRecords and accounts.
Section 285.77SectionNotice of intent to discontinue business.
Section 285.78SectionReceipt of farm produce; acknowledgment form.
Section 285.79SectionSuspension or revocation of grain dealer's license; reservation of rights; weighing and inspecting produce.
Section 285.80SectionWarehouse receipt.
Section 285.81SectionPrice later agreement.
Section 285.82SectionAdministration and enforcement of act; rules; powers and duties of director.
Section 285.82aSectionRepealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.83SectionViolation of act or rule; prohibited conduct; penalty.
Section 285.84SectionViolation of act or rule; administrative fines; warning; action by attorney general; license revocation; disposition of fine, costs, and recovery.
Section 285.85SectionInjunction; applicability of penalties to public officials; civil or criminal liability; hearing; local ordinance, regulation, or resolution; preemption; confidentiality; exceptions.
Section 285.86SectionRepealed. 2016, Act 263, Eff. Sept. 26, 2016.
Section 285.86aSectionLien; claimant; provisions; enforcement of claims; assignment of applicable lien to claimant in adversary proceeding; liquidation of farm produce assets; reduction of amount of claim; priority of lien.
Section 285.87SectionRepealed. 2012, Act 148, Imd. Eff. May 30, 2012.
Section 285.88SectionGrain merchandiser or farm produce trucker; surety bond; requirements.
Section 285.89SectionRescission of R 285.560.
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