126.11 Grain dealers; licensing.

364 words·~2 min read·/wi/chapter-126/126-11

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

(1)License required. Except as provided in sub.

(2), no grain dealer may procure producer grain in this state without a current annual license from the department.

(2)Exempt grain dealers. The following grain dealers are not required to hold a license under this section, but may volunteer to be licensed:

(a)A grain dealer who pays cash on delivery for all producer grain.

(b)A grain dealer who buys producer grain solely for the grain dealer’s own use as feed or seed and who spends less than $400,000 per license year for that grain.

(2m)License terms. A license under this section expires on the August 31 following its issuance. No person may transfer or assign a license issued under this section.

(3)License application. A grain dealer shall apply for an annual license under this section in writing, on a form provided by the department. An applicant shall provide all of the following:

(a)The applicant’s legal name and any trade name under which the applicant proposes to operate as a grain dealer.

(b)A statement of whether the applicant is an individual, corporation, partnership, cooperative, unincorporated cooperative association, limited liability company, trust, or other legal entity. If the applicant is a corporation, a cooperative, or an association, the applicant shall identify each officer of the corporation or cooperative. If the applicant is a partnership, the applicant shall identify each partner.

(c)The mailing address of the applicant’s primary business location and the name of a responsible individual who may be contacted at that location.

(d)The street address of each business location from which the applicant operates in this state as a grain dealer and the name of a responsible individual who may be contacted at each location that is staffed.

(e)All license fees and surcharges required under sub.

(4).

(g)A financial statement if required under s. 126.13

(1)and not yet filed.

(h)Other relevant information required by the department.

(4)License fees and surcharges. A grain dealer applying for an annual license under this section shall pay the following fees and surcharges in the amounts that the department specifies by rule: