203.5 - LICENSE.
203.5 LICENSE.
1. Upon the filing of the application and compliance with the
terms and conditions of this chapter and rules of the department, the
department shall issue a license to the applicant. The license shall
terminate at the end of the third calendar month following the close
of the grain dealer's fiscal year. A grain dealer's license may be
renewed annually by the filing of a renewal fee and a renewal
application on a form prescribed by the department. An application
for renewal shall be received by the department on or before the end
of the third calendar month following the close of the grain dealer's
fiscal year. A grain dealer license which has terminated may be
reinstated by the department upon receipt of a proper renewal
application, the renewal fee, and the reinstatement fee as provided
in section 203.6 if filed within thirty days from the date of
termination of the grain dealer license. The department may cancel a
license upon request of the licensee unless a complaint or
information is filed against the licensee alleging a violation of a
provision of this chapter. Fees for licenses issued for less than a
full year shall be prorated from the date of the application.
2. If an applicant has had a license under this chapter or
chapter 203C revoked for cause within the past three years, or has
been convicted of a felony involving violations of this chapter or
chapter 203C, or is owned or controlled by a person who has had a
license so revoked or who has been so convicted, the department may
deny a license to the applicant.
3. The department may deny a license to an applicant if any of
the following apply:
a. The applicant has caused liability to the Iowa grain
depositors and sellers indemnity fund in regard to a license issued
under this chapter or chapter 203C, and the liability has not been
discharged, settled, or satisfied.
b. The applicant is owned or controlled by a person who has
caused liability to the fund through operations under a license
issued under this chapter or chapter 203C and the liability has not
been discharged, settled, or satisfied. Section History: Early Form
[C75, 77, 79, 81, § 542.5; 81 Acts, ch 180, § 6] Section History: Recent Form
84 Acts, ch 1100, § 1; 89 Acts, ch 143, §701; 92 Acts, ch 1239,
§58
C93, § 203.5
2003 Acts, ch 69, §47; 2007 Acts, ch 22, §48