34-299. Disposition of grain upon license expiration; sale of unclaimed grain; disposition of proceeds.
34-299
34-299. Disposition of grain upon license expiration; sale ofunclaimed grain; disposition of proceeds.(a) It shall be the duty of any person operating a public warehouse inKansas under this act, who desires to discontinue the operation of a publicwarehouse at least 30 days prior to the expiration of suchwarehouse license, to notify: (1) all holders ofwarehouse receipts and all parties storing grain in suchwarehouse, ifknown; (2) if not known, by public notice, by advertising in a newspaper ofgeneral circulation in the city in which such warehouseis situated; and (3) thesecretary, of such person'sintention todiscontinue the public warehouse business.
(b) It shall be theduty of theowners of such grain to remove, or cause to be removed, their grain from thewarehouse, before the expiration of the license. If for anycause thegrain is not removed from the warehouse, it shall be the duty of thewarehouseman to sell for the account of the depositor the grain atthebest market price obtainable and remit the funds to the secretary. Thesecretary shall deposit the fundswith the state treasurer to be held for the account of the depositor. Ifand when the depositor, or holder of claim, shall appear andpresent avalid claim to the secretary for the funds so deposited, the secretary shallissue a voucher to the state treasurer withdrawing said funds to the orderof the claimant.
History: L. 1931, ch. 194, § 77; L. 1967, ch. 236, § 1;L. 1997, ch. 160, § 37; Sept. 1.