TITLE 69

WAREHOUSES

CHAPTER 2

BONDED WAREHOUSE LAW

69-247.  License denial. (1) Any person against whose warehouse bond or the commodity indemnity fund a claim has been ordered collected or has actually been collected shall not be licensed by the department for a period of three (3) years from the date of such order or collection. License denial may be waived if the person can show to the satisfaction of the director that full settlement of all claims against the bond and the commodity indemnity fund has been made. A change in a person’s business name shall not absolve any unsettled claim against that person’s prior bond or the commodity indemnity fund.

(2)  The director shall, after a public hearing, have the right to deny or refuse to issue a license, reinstatement or renewal thereof to an applicant when it is determined that public interest is best served by that denial or refusal.

(3)  Upon refusal or denial pursuant to subsection (2) above, an applicant may reapply for a license, reinstatement or renewal after a period of ninety (90) days, at which time a new hearing will be held to review the application.

(4)  The applicant shall have the right of appeal on any decision to refuse or deny a license under subsection (2) above to a court of competent jurisdiction.

History:

[69-247, added 1982, ch. 25, sec. 37, p. 49; am. 1983, ch. 44, sec. 16, p. 113; am. 2002, ch. 259, sec. 33, p. 773.]