A BILL TO BE ENTITLED AN ACT TO AMEND THE GRAIN DEALER LICENSING ACT TO INCREASE THE BONDING AMOUNT THAT MUST ACCOMPANY LICENSE APPLICATIONS AND TO SPECIFY ADDITIONAL GROUNDS FOR LICENSE REFUSAL OR REVOCATION.
Amends GS 106-604 to increase the amount of the bond that must accompany a grain dealer license application from $10,000 to $100,000. Amends GS 106-610 to expand the reasons for refusing to grant or renew or for revoking or suspending a grain dealer license to include evidence that (1) the applicant has acted or held him- or herself out as a grain dealer without first having obtained a license or (2) the dealer or applicant has violated any provision of Article 53 (grain dealers) or rules adopted under the Article. Amends GS 106-611 to prohibit a person whose actions lead to the suspension or revocation of a grain dealer's license from working for a grain dealer in any capacity that involves buying or selling grain or handling payments for grain.
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