Statutes > Iowa Statutes > Title 5 - Agriculture > Subtitle 4 - Agriculture-Related products and Activities > CHAPTER 203C - WAREHOUSES FOR AGRICULTURAL PRODUCTS > 203C.23 - WAREHOUSE OPERATOR'S OBLIGATION.

203C.23 - WAREHOUSE OPERATOR'S OBLIGATION.

        203C.23  WAREHOUSE OPERATOR'S OBLIGATION.
         1.  A warehouse operator shall maintain at all times sufficient
      quantity and quality of grain or other agricultural products to cover
      the warehouse operator's obligation.  A warehouse operator shall not
      at any time have less grain or other agricultural products in the
      warehouse than the obligations to depositors, as determined by an
      investigation of the warehouse operator's records.
         2.  An incidental warehouse operator shall maintain at all times
      sufficient quantity and quality of grain to cover the incidental
      warehouse operator's obligation.  An incidental warehouse operator
      shall not at any time have less grain in a warehouse than the
      obligations to depositors, as determined by an investigation of the
      incidental warehouse operator's records.
         Section History: Early Form
         [81 Acts, ch 180, § 29]
         Section History: Recent Form
         C83, § 543.23
         C93, § 203C.23
         99 Acts, ch 106, §13