Indiana § 26-3-7-15 - Grain inventories; sufficiency for outstanding warehouse receipts or other storage obligations
Full text of Indiana Indiana Code § 26-3-7-15 — Grain inventories; sufficiency for outstanding warehouse receipts or other storage obligations, with citation guidance and answers to common questions.
§ 26-3-7-15. Grain inventories; sufficiency for outstanding warehouse receipts or other storage obligations
Sec. 15. (a) A licensee shall maintain inventories of sufficient quantity and grade of grain to meet the licensee's storage obligations.
(b) Inventories representing grain evidenced by outstanding warehouse receipts shall be maintained in the warehouse shown on the warehouse receipt issued by the warehouse in which the grain was originally deposited.
(c) Inventories representing storage obligations other than those evidenced by warehouse receipts may be represented by:
(1) receipts for grain stored in a facility licensed under this chapter;
(2) receipts in a warehouse licensed and bonded under the warehouse act; or
(3) other warehouse receipts or tickets as approved by the director.
Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, SEC.9. As amended by Acts 1979, P.L.249, SEC.9; P.L.125-1997, SEC.33.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 26-3-7-15
What does Indiana Code § 26-3-7-15 cover?
Section 26-3-7-15 ("Grain inventories; sufficiency for outstanding warehouse receipts or other storage obligations") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 26-3-7-15?
A common citation format is "Indiana Code § 26-3-7-15" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 26-3-7-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.