75-43-51 - Notice by warehouseman of discontinuance of operations or of suspension, revocation or cancellation of license.
§ 75-43-51. Notice by warehouseman of discontinuance of operations or of suspension, revocation or cancellation of license.
Any person operating a farm warehouse who desires to discontinue such operation at the expiration of his license, or whose license is suspended, revoked or cancelled by the commissioner or his designated representative, shall notify the commissioner and all holders of warehouse receipts, if known, or if not know, by advertising in the newspaper or newspapers of largest general circulation in the community in which the farm warehouse is located once per week for three (3) consecutive weeks, at least thirty (30) days prior to the date of expiration of his license, of his intention to discontinue the farm warehouse business, and the owners of the grain shall remove, or cause to be removed, their grain from such farm warehouse before the expiration of the license.
Sources: Laws, 1978, ch. 434, § 24, eff from and after July 1, 1978.