MCL - Act 141 of 1939

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GRAIN DEALERS ACT

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:
Document Type Description
Section 285.61 Section Short title.
Section 285.62 Section Definitions.
Section 285.63 Section Grain 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 285.64 Section License; conduct; term; display; term of new license.
Section 285.65 Section Revocation of license; application for new license; events; notice of event.
Section 285.66 Section Temporary permit.
Section 285.66a, 285.66b Section Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.67 Section Grain dealer's license; application; form; contents; receipt of completed application; issuance of license within certain time period; submission; report.
Section 285.67a Section Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.68 Section License fee; grain dealer's fees fund; duration of license; fee schedule adjustment; "Detroit consumer price index" defined.
Section 285.69 Section Application for license or renewal; financial statement.
Section 285.69a Section Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.70 Section Revocation or refusal to issue or renew license; hearing; conditions.
Section 285.71 Section Temporary facility.
Section 285.71a Section Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.72 Section Destruction or damage of farm produce; certificate of insurance required; reimbursement to depositors; notice of cancellation or nonrenewal of insurance.
Section 285.73 Section Availability of books and records; confidentiality; disclosure.
Section 285.74 Section Commingling 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 285.75 Section Daily position report.
Section 285.76 Section Records and accounts.
Section 285.77 Section Notice of intent to discontinue business.
Section 285.78 Section Receipt of farm produce; acknowledgment form.
Section 285.79 Section Suspension or revocation of grain dealer's license; reservation of rights; weighing and inspecting produce.
Section 285.80 Section Warehouse receipt.
Section 285.81 Section Price later agreement.
Section 285.82 Section Administration and enforcement of act; rules; powers and duties of director.
Section 285.82a Section Repealed. 2002, Act 80, Eff. Mar. 31, 2003.
Section 285.83 Section Violation of act or rule; prohibited conduct; penalty.
Section 285.84 Section Violation of act or rule; administrative fines; warning; action by attorney general; license revocation; disposition of fine, costs, and recovery.
Section 285.85 Section Injunction; applicability of penalties to public officials; civil or criminal liability; hearing; local ordinance, regulation, or resolution; preemption; confidentiality; exceptions.
Section 285.86 Section Repealed. 2016, Act 263, Eff. Sept. 26, 2016.
Section 285.86a Section Lien; 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 285.87 Section Repealed. 2012, Act 148, Imd. Eff. May 30, 2012.
Section 285.88 Section Grain merchandiser or farm produce trucker; surety bond; requirements.
Section 285.89 Section Rescission of R 285.560.