| (a) A warehouse operator shall not issue a receipt
to anyone other than a depositor.
(b) A warehouse operator shall not issue a receipt
to a bank or financial institution unless the bank or institution
fulfills the requirements of a depositor.
(c) If a receipt is lost or destroyed and is already
canceled, the warehouse operator must provide to the department a
notarized statement that the receipt was properly canceled.
(d) The warehouse operator shall not store, maintain,
keep, or otherwise be in possession of a receipt that has not been
canceled except receipts made out in the name of the warehouse operator.
(e) Any receipt returned to the warehouse operator
must be canceled at the time it is received. The warehouse operator
shall write the word "Canceled" across the front of the receipt.
(f) A warehouse operator shall not issue a receipt
for grain that is approved for temporary storage.
(g) Receipted grain must be kept in storage by the
warehouse operator until the warehouse receipt is canceled.
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