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Minnesota Administrative Rules
1562.1500 WAREHOUSE RECEIPT.
If grain is received for storage, the grain warehouse operator shall issue a grain warehouse receipt to the depositor within five working days of the date of deposit.
Storage contracts on grain being stored end on the expiration date of the storage license if not ended earlier by the depositor. In the absence of a demand for delivery, order to sell, or notice by the grain warehouse operator, it is presumed that the parties intended to renew the storage contract for the next licensing year.
History:
12 SR 2392
Published Electronically:
July 24, 2008
Official Publication of the State of Minnesota
Revisor of Statutes