Michigan Laws 285.70 – Revocation or refusal to issue or renew license; hearing; conditions
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After a hearing conducted in accordance with the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, the department may revoke or refuse to issue or renew a license, or require a fidelity bond in an amount and on terms determined by the department, if any of the following occurred within the 5 years preceding the date of the license application:
(a) The applicant, a manager employed by the applicant, or any other individual with management responsibilities for the farm produce handling business of the applicant was a principal in a grain dealer receivership or insolvency proceeding that resulted in losses to creditors or depositors.
Terms Used In Michigan Laws 285.70
- Department: means the department of agriculture. See Michigan Laws 285.62
- Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
- Farm produce: means 1 or more of dry edible beans, soybeans, small grains, cereal grains, or corn. See Michigan Laws 285.62
- Farm produce handling: means any of the following:
(i) Engaging or participating in the business of purchasing farm produce. See Michigan Laws 285.62Fraud: Intentional deception resulting in injury to another. Grain dealer: means a person engaged in the business of receiving, buying, exchanging, selling, or storing farm produce in this state. See Michigan Laws 285.62 License: means a license issued by the department to a grain dealer in the manner provided under this act. See Michigan Laws 285.62 United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) The applicant, a manager employed by the applicant, or any other individual with management responsibilities for the farm produce handling business of the applicant pled guilty or was convicted of any felony involving fraud, conversion, or embezzlement.
(c) The applicant’s license under the United States warehouse act, 39 Stat. 486, 7 U.S.C. § 241 to 273, was revoked or canceled due to a violation of that act.