Section 49-45-6 - Supervision of grain buyers-Promulgation of rulesThe commission shall supervise the business of grain buyers in this state and administer the laws in relation thereto. The commission may promulgate rules, pursuant to chapter 1-26, concerning:
(1) The form of a grain buyer's bond and application and the information required to be included for licensing;(2) Requirements for posting grain buyer's licenses;(3) Notice requirements to sellers who enter into voluntary credit sale agreements;(4) Requirements for filing financial statements with the commission and the financial standards by which the statements are approved when considering whether to license a grain buyer;(5) Requirements for grain buyers to provide information to sellers regarding the statutes and rules relating to grain buyers;(6) Requirements and procedures for releasing bonds; and(7) Procedures and requirements for license suspension, revocation, transfer of ownership, or insolvency by a grain buyer.SL 1985, ch 376, § 70; SL 1986, ch 22, § 26; SL 1990, ch 371, § 7; SL 1992, ch 332, § 6; SL 2008, ch 251, §4; SL 2011, ch 211, §6; SL 2020, ch 202, § 1.Amended by S.L. 2020, ch. 202,s. 1, eff. 7/1/2020.