Missouri § 276.423 - Examination by department, when, fee — discrepancy reports, contents — director may modify, suspend or revoke license, when — subpoenas.

§ 276.423. Examination by department, when, fee — discrepancy reports, contents — director may modify, suspend or revoke license, when — subpoenas.

1.  The department shall make at least one complete examination of each state licensed class I, class II and class III grain dealer each year and may examine class IV, class V and class VI state licensed grain dealers.  The annual grain dealer examination for grain dealers holding a federal warehouse license under the United States Warehouse Act may be waived if the director is satisfied as to the quality of the audit performed under the United States Warehouse Act and receives a full copy of such audit.

2.  Any additional examinations deemed necessary by the department during any year shall be at the expense of the department.  If upon any examination a discrepancy is found to exist, the director may collect a fee for that examination and for any subsequent examination deemed necessary to insure that the discrepancy is corrected.  The fee for each such examination shall be computed in accordance with rates established by the director by rule.  This subsection applies equally to all classes of grain dealers which may be examined by the department.

3.  Any dealer may request additional examinations at the expense of the dealer.  The director may collect a fee for each special or requested examination or for extra work beyond regular examination procedures in connection with regularly scheduled examinations, computed in accordance with the rates established in section 276.506.

4.  Upon completion of any examination which reveals a failure to comply with the provisions of sections 276.401 to 276.582, and the regulations promulgated hereunder, the director or any department auditor, within a reasonable time, shall present a written discrepancy report to the dealer, his employee or agent.  The report shall specify the areas of noncompliance and shall give a specific period of time, reasonable and practical under the circumstances, within which corrective action is to be taken.  A report of that corrective action shall be sent to the director.  If, after further examination, the discrepancy still exists, the director may modify, suspend or revoke the dealer's license, or the director may take whatever other action he deems necessary consistent with the provisions of sections 276.401 to 276.582 until the dealer has corrected the discrepancy.

5.  The director is hereby authorized to issue subpoena duces tecum to any financial institutions, or to any other type of business entity, causing them to deliver any and all records of a licensee, or any and all records kept pertaining to a licensee or any person who in the opinion of the director may need to be licensed.  Such financial institutions, or other business entities, are hereby authorized and required to deliver any and all such records to the director notwithstanding any law to the contrary.  This section applies to persons or individual accounts or transactions as well as to corporate records where the licensee, or person, who in the opinion of the director, needs to be licensed, is conducting business in corporate form.

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(L. 1986 H.B. 1578, A.L. 1997 H.B. 211)

Effective 4-02-97

---- end of effective  02 Apr 1997 ----

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