Application For License

(1) The application shall set forth: (a) Name of the applicant; (b) The principal officers if the applicant is a corporation; or the active members if the applicant is a partnership; (c) The location of the principal office or place of business of the applicant and the location or locations in this State at which the applicant proposes to engage in business as a grain buyer; (d) The fiscal year in which the grain dealer is or will be operated; (e) The kind of grain which the applicant proposes to purchase. (2) If the application has been engaged in business as a grain dealer for one year or more, the applicant shall state the aggregate dollar amount paid to producers for grain during their last COMMODITY DEALER REGULATIONS CHAPTER-0080-5-13 completed fiscal year. In the event the applicant has not been engaged in business as a grain dealer, the application shall state the estimated aggregate dollar amount to be paid by the applicant to the producers during the fiscal year. The application must be received by the department within 90 days after the commodity dealers’ fiscal year or unless an extension for an additional (60) days has been granted by the department. (3) Any applicant who holds a grain dealer license and requests a warehouseman’s license within one fiscal year will not be required to pay the warehouse license filing fee.