34-299. Disposition of grain upon license expiration; sale of unclaimed grain; disposition of proceeds.

245 words·~1 min read·/ks/chapter-34/34-299

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)It shall be the duty of any person operating a public warehouse in Kansas under this act, who desires to discontinue the operation of a public warehouse at least 30 days prior to the expiration of such warehouse license, to notify:

(1)all holders of warehouse receipts and all parties storing grain in such warehouse, if known;

(2)if not known, by public notice, by advertising in a newspaper of general circulation in the city in which such warehouse is situated; and

(3)the secretary, of such person's intention to discontinue the public warehouse business.

(b)It shall be the duty of the owners of such grain to remove, or cause to be removed, their grain from the warehouse, before the expiration of the license. If for any cause the grain is not removed from the warehouse, it shall be the duty of the warehouseman to sell for the account of the depositor the grain at the best market price obtainable and remit the funds to the secretary. The secretary shall deposit the funds with the state treasurer to be held for the account of the depositor. If and when the depositor, or holder of claim, shall appear and present a valid claim to the secretary for the funds so deposited, the secretary shall issue a voucher to the state treasurer withdrawing said funds to the order of the claimant.