126.26 Grain warehouse keepers; licensing.

576 words·~3 min read·/wi/chapter-126/126-26-2

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

(1)License required.

(a)No grain warehouse keeper may hold at any time more than 50,000 bushels of grain for others without a current annual license from the department. A grain warehouse keeper who has grain warehouses with a combined capacity of more than 50,000 bushels shall obtain a license unless the grain warehouse keeper proves to the department that the grain warehouse keeper holds no more than 50,000 bushels of grain for others at any time.

(b)A license under par.

(a)expires on the August 31 following its issuance. No person may transfer or assign a license issued under par.

(a).

(2)License application. A person shall apply for a grain warehouse keeper license in writing, on a form provided by the department. The 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 warehouse keeper.

(b)A statement of whether the applicant is an individual, a corporation, a partnership, a cooperative, an unincorporated cooperative association, a limited liability company, a 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 and capacity of every grain warehouse that the applicant operates or proposes to operate in this state and the name of a responsible individual who may be contacted at each warehouse.

(e)The combined capacity of all grain warehouses identified under par.

(d).

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

(3).

(g)Proof that the applicant is insured as required under s. 126.27 , unless the applicant has previously filed proof that remains current. The proof may consist of a certification provided by an insurance company licensed to do business in this state.

(h)A financial statement if required under s. 126.28

(1)and not yet filed.

(i)Other relevant information required by the department.

(3)License fees and surcharges. A person applying for a grain warehouse keeper license shall pay the following fees and surcharges in the amounts that the department specifies by rule:

(a)A nonrefundable basic license fee, which may be based on the number of grain warehouses that the applicant operates.

(b)A grain warehouse inspection fee, which may be based on the number and sizes of the grain warehouses that the applicant operates.

(c)A supplementary inspection fee for each grain warehouse that the applicant operates in excess of one grain warehouse.

(d)A license surcharge if the department determines that, within 365 days before submitting the license application, the applicant operated as a grain warehouse keeper without a license in violation of sub.

(1). The applicant shall also pay any license fees, license surcharges, and fund assessments that are still due for the license year in which the applicant violated sub.

(1).

(e)A license surcharge if during the preceding 12 months the applicant failed to file an annual financial statement required under s. 126.28

(b)by the applicable deadline.

(f)A license surcharge if a renewal applicant fails to renew a license by the license expiration date of August 31.