At the election of the warehouse licensee and under rules and regulations adopted and promulgated by the commission, storage in a warehouse operated by such licensee may be terminated on application to the commission and upon good cause shown according to the rules and regulations of the commission. Subject to such rules and regulations as the commission may adopt and promulgate, any storage contract on any or all such grain may be terminated by the owner at any time by the payment or tender of all legal charges and the surrender of the warehouse receipt, together with a demand for delivery of such grain or notice to sell the same.
- Laws 1987, LB 164, § 20;
- Laws 1992, LB 366, § 63.
Terms Used In Nebraska Statutes 88-544
- Commission: means the Public Service Commission. See Nebraska Statutes 88-526
- Contract: A legal written agreement that becomes binding when signed.
- Grain: means wheat, corn, oats, soybeans, barley, rye, flax, or sorghum which has not been processed or packaged for the purpose of distribution as seed, including, but not limited to, edible beans, whole corn plant pellets, alfalfa pellets, millet, sunflower seed, safflower seed, and any other bulk pelleted agricultural storable commodity. See Nebraska Statutes 88-526
- Warehouse: means any grain elevator, mill, grist mill, building, or receptacle in which grain is held in storage for more than ten consecutive days. See Nebraska Statutes 88-526