North Dakota Code 4.1-58-15 – Scale ticket – Contents – Conversion
1. Every public warehouseman, upon receiving grain into the warehouse, shall issue a uniform scale ticket for each load of grain received.
Terms Used In North Dakota Code 4.1-58-15
- Contract: A legal written agreement that becomes binding when signed.
- Individual: means a human being. See North Dakota Code 1-01-49
a. The scale tickets must be numbered consecutively, and one copy of each ticket must be retained and remain as a permanent record.
b. The original ticket must be delivered to the individual from which the grain is received, upon receipt of each load of grain.
c. All scale tickets must be converted into cash, noncredit-sale contracts, credit-sale contracts, or warehouse receipts, within thirty days after the grain is delivered to the warehouse.
2. This chapter does not require a warehouseman to receive, store, or purchase grain. A warehouseman shall publish and post, in a conspicuous place in the warehouse, a publication identifying whether storage will be available to patrons or whether grain will be accepted via cash or a credit-sale contract arrangement.
3. A producer that fails to convert a scale ticket in accordance with subsection 1 forfeits any trust fund or credit-sale contract indemnity fund protection provided under section 4.1-58-11, 4.1-58-21, and 4.1-58-45.