824 IAC 2-14-8 Lost or destroyed warehouse receipts

Sec. 8. In the case of a lost or destroyed warehouse receipt, the new warehouse receipt shall bear the same date and information as the original and shall be plainly marked on its face "duplicate in lieu of lost or destroyed warehouse receipt number......", and the warehouse licensee shall fill in the blank with the appropriate warehouse number. To protect the warehouse licensee from any liability or expense that it or any person, injured by the delivery, may incur by reason of the original warehouse receipt remaining outstanding, and before issuing the duplicate warehouse receipt, the warehouse licensee may seek from the depositor of grain evidenced by the lost warehouse receipt one (1) or both of the following: (1) An affidavit stating, under oath, that the applicant for the substitute warehouse receipt is entitled to the original warehouse receipt and its number and setting forth the circumstances that resulted in the loss or destruction of the original warehouse receipt. (2) A bond in an amount double the value of the grain represented by the original warehouse. (A) The original affidavit and bond shall be retained by the warehouse licensee for at least six (6) years after the duplicate receipt is cancelled.