(a) "Regulatory Body" means the_________________________________________.
(b) "Person" means any individual, corporation, two or more persons having a joint or common interest,
or other legal or commercial entity.
(c) "Agricultural Commodity" hereinafter referred to as "commodity" or "commodities", means, but is not limited to corn,
sorghums, all other grains hay, peas, hops, grain and hay products, alfalfa pellets,
beans, lentils, malt, peanuts, flax, cotton, cottonseed, rice, pecans, tobacco, agricultural seeds, and other similar agricultural products.
(d) "Warehouse" means any building, structure or other protected enclosure approved by the regulatory body used or useable,
for the storage orconditioning ofcommodities. Buildings used in connection or operation of the warehouse shall be deemed as part of the warehouse.
(e) "Licensed Warehouse" means any warehouse for which a license has been issued by the regulatory bodysubject to other terms and
requirements of the act.
(f) "Station" means a warehouse located more than three miles from the central office of the warehouse. A warehouse license may be
issued listing two or more on the same license; however, a fee shall be charged and collected foreach station.
(g) "Warehouse Operator" means any person engaged in the business of operating a warehouse for receiving, storing, shipping or
handling of commodities for compensation.
(h) "Depositor" means any person who deposits a commodity in a warehouse for storage, handling, or shipment, or who is the owner
or legal holder of an outstanding warehouse receipt, or who is lawfully entitled to possession of the commodity.
(i) "Receipt"means a warehouse receipt issued by a warehouseman licensed under this act. Whether a receipt is negotiable or
non-negotiable shall be governed by the
(Receipt Act, as enacted or amended) .
(j) "Scale Weight Ticket", hereinafter referred to as "ticket", means a load slipor other evidence, other than a receipt,
given a depositor by a warehouse operator licensed under this act, upon initial delivery of the commodity to the warehouse. A ticket shall not be
(k) "License", includes any and all renewals and amendments thereof unless the context clearly indicates the contrary.
(l) "Conditioning" means, but is not limited to, the drying or cleaning of commodities.
(m) "Shortage" means that a warehouse operator does not have a sufficient amount of commodities by, kind, class, and quality, to
cover his outstanding obligation for that commodity.
(n) "Failure" means: (1) An inability ofthe warehouse operator to cover the storage obligations;
(2) A public declaration of insolvency;
(3) A revocation of license and the leaving of an outstanding obligation to a depositor;
(4) A failure to redeliver any commodity to a depositor in the ordinary course of business and where a bona fide dispute does not
exist between the licensee and the depositor;
(5) A failure to make application for license renewal within sixty days after the annual license renewal date; or
(6) A denial of the application for a license renewal.
(o) "Commingle" means the binning and/or storage of commodities by class, under circumstances other than identity preserved.
(p) "Suspension" means the temporary removal of a warehouse operator's license pending a hearing for violations of this act.
Corrections of the violations prior to a hearing may result in the reinstatement of a license without the hearing.
(q) "Revocation" means the permanent removal of a warehouse operator's license following a hearing on violations of the act.
r"Identity Preserved" means the handling of a commodity in such a manner that guarantees the return of the actual quantity and quality of the
commodity to the deposited.