203C.23 - WAREHOUSE OPERATOR'S OBLIGATION. - Iowa Statutes

203C.23 WAREHOUSE OPERATOR'S OBLIGATION. 1. A warehouse operator shall maintain at all times sufficient quantity and quality of grain or other agricultural products to cover the warehouse operator's obligation. A warehouse operator shall not at any time have less grain or other agricultural products in the warehouse than the obligations to depositors, as determined by an investigation of the warehouse operator's records. 2. An incidental warehouse operator shall maintain at all times sufficient quantity and quality of grain to cover the incidental warehouse operator's obligation. An incidental warehouse operator shall not at any time have less grain in a warehouse than the obligations to depositors, as determined by an investigation of the incidental warehouse operator's records.          Section History: Early Form [81 Acts, ch 180, § 29]          Section History: Recent Form C83, § 543.23 C93, § 203C.23 99 Acts, ch 106, §13