A person other than a licensed warehouse operator shall not place in storage or accept for storage any bulk grain. A person shall not place bulk grain in storage in a warehouse other than a licensed warehouse. This section shall not apply to any of the following:
1. The acceptance and storage of bulk grain by a person bonded and licensed under the United States Warehouse Act.
Terms Used In Iowa Code 203C.16
- Bulk grain: shall mean grain which is not contained in sacks. See Iowa Code 203C.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Grain: means the same as defined in section 203. See Iowa Code 203C.1
- Licensed warehouse: shall mean a warehouse for the operation of which the department has issued a license in accordance with the provisions of section 203C. See Iowa Code 203C.1
- Person: means the same as defined in section 4. See Iowa Code 203C.1
- property: includes personal and real property. See Iowa Code 4.1
- Storage: means any grain or other agricultural products that have been received and have come under care, custody or control of a warehouse operator either for the depositor for which a contract of purchase has not been negotiated or for the warehouse operator operating the facility. See Iowa Code 203C.1
- Warehouse: shall mean any building, structure, or other protected enclosure in this state used or usable for the storage of agricultural products. See Iowa Code 203C.1
- Warehouse operator: means a person engaged in the business of operating or controlling a warehouse for the storing, shipping, handling or processing of agricultural products, but does not include an incidental warehouse operator. See Iowa Code 203C.1
2. The storage of bulk grain by a person who owns all the stored bulk grain.
3. a. The storage of bulk grain by more than one person, if all of the following apply:
(1) The bulk grain was jointly produced by all persons storing the grain.
(2) The bulk grain is stored on the property owned or leased by one of the persons jointly producing the grain.
(3) No person other than persons jointly producing the grain owns the stored bulk grain.
b. As used in this subsection, “jointly produced” includes but is not limited to grain owned by a landlord who receives a share of agricultural products as rent.