LAC 7:XXVII.109. Grounds for Refusal to Issue or Renew a Warehouse, Cotton Merchant, or Grain Dealer License

A. The commission may refuse to issue or renew a warehouse, cotton merchant, or grain dealer license in any of the following circumstances: 1. the applicant cannot demonstrate to the satisfaction of the commission that he is competent to operate the business for which the license is sought; 2. the applicant cannot demonstrate a $100,000 net worth; 3. the applicant has failed to provide all of the information required in the application for licensure; 4. the applicant has previously refused to permit audit of his records; 5. the applicant has not or cannot provide the security required by R.S. 3:3401-3425; 6. the applicant has not or cannot secure the insurance required by R.S. 3:3401-3425; 7. if an applicant for a warehouse license: the facilities in which the business will be operated are not suitable for storage of agricultural commodities; 8. if an applicant for a grain dealer license: the applicant has failed to hedge its obligations to producers as required by R.S. 3:3401-3425 and the rules contained in this Part. B. Any cotton merchant, warehouse or grain dealer whose application for license is refused by the commission may appeal the decision of the commission under the Administrative Procedure Act or through the judicial process.