Conditions For Granting License

The Department shall issue a grain dealers license, renew a license or continue a license if the department is satisfied that the applicant or license meets the following conditions: (1) The applicant, license, or manager is of good business reputation. (2) The applicant, licensee, or manager has the qualification and background essential for the conduct of a grain dealer’s business, as may be determined by examination and re- examination by the department. The department may require applicants to participate in training programs development to insure compliance with this and other provisions of this act. (3) The applicant or licensee has adequate bonding under Rule 0080-05-13-.04 SECURITY REQUIREMENTS. (4) The applicant or licensee maintains a permanent business location, and such applicant’s or licensee’s place of business will remain open during normal business hours. (5) The applicant or licensee has sufficient financial resources to pay producers for grain purchased from them.