80-4-525. Scale weight tickets -- form -- issuance.
80-4-525. Scale weight tickets -- form -- issuance. (1) Scale weight tickets must be bound in books of convenient size and must be numbered consecutively. The original scale weight ticket must be delivered to the person from whom the agricultural commodities are received. One carbon copy of each scale weight ticket must remain as a permanent record.
(2) A scale weight ticket must be issued for each load of agricultural commodity received by the warehouse operator.
(3) A scale weight ticket may not be issued or held in lieu of a warehouse receipt. However, an agricultural commodity under scale weight ticket is considered warehoused liability, and title remains with the depositor until:
(a) the agricultural commodity is sold under a purchase contract;
(b) the agricultural commodity is paid for under 80-4-608; or
(c) a warehouse receipt is issued.
(4) There must be plainly printed across the face of the scale weight ticket issued by the warehouse operator, in bold type, the words "THIS IS NOT A WAREHOUSE RECEIPT. IT MUST BE EXCHANGED FOR A WAREHOUSE RECEIPT IF GRAIN IS HELD IN STORAGE".
(5) All scale weight tickets must be signed by the warehouse operator or the warehouse operator's agent.
(6) All scale weight tickets must be converted into cash or warehouse receipts on demand.
History: En. Sec. 32, Ch. 539, L. 1983; amd. Sec. 3, Ch. 299, L. 1991; amd. Sec. 8, Ch. 452, L. 1993.