Indiana § 26-3-7-6.8 - License application documents; approval timeline and procedures

§ 26-3-7-6.8. License application documents; approval timeline and procedures

Sec. 6.8. (a) A person that desires to conduct business as a grain buyer, warehouse operator, or buyer-warehouse in Indiana shall submit to the director the following:

(1) A completed license application in the form required by the agency.

(2) A financial statement that complies with the requirements of this chapter and that reflects the applicant's financial situation on a date not more than fifteen (15) months before the date the applicant first submits any of the license application materials required under this subsection.

(3) A completed certificate of deposit, a bond, or other security, in the form required by the agency, and proof of the deposit, bond, or other security sufficient to demonstrate compliance with the requirements of this section, including, as applicable, complete and accurate copies of all instruments, documents, or materials related to the deposit, bond, or other security.

(4) A completed certificate of insurance, in the form required by the agency, and proof of insurance sufficient to demonstrate compliance with the requirements of this section.

(5) Proof of compliance with the scale certification requirements.

(6) A certificate of good standing or other documentation sufficient to demonstrate that the applicant is licensed to do business in Indiana, including a current copy of the applicant's business information that is maintained by the secretary of state.

(7) Examples of grain delivery tickets, settlement sheets, purchase agreements, storage agreements, and other similar agreements that comply with the requirements of this chapter, that are to be used by the applicant in conducting business as a licensee in Indiana.

(8) Any other documentation that the director determines is necessary to demonstrate that the applicant is in compliance with the requirements for a license under this chapter.

(b) Within ninety (90) days of the receipt of all license application materials required under subsection (a), the director or director's designated representative shall review the license application and determine whether the applicant has demonstrated compliance with the requirements for a license under this chapter.

(c) An on-premises inspection of each applicable facility located within Indiana is required.

(d) The application must be denied if the applicant is not in full compliance with this chapter.

(e) If a license application is denied for any reason under this section, the notice of denial must set forth each reason for the denial, including any failure by the applicant to comply with the requirements of this chapter.

(f) An applicant may appeal a decision of the director to deny a license under IC 4-21.5-3.

As added by P.L.114-2025, SEC.14.