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.
House committee substitute to the 1st edition makes the following changes. Amends GS 106-610 to also allow the Commissioner the power of refusal, suspension, or revocation of a license when the dealer has hired a person who has been convicted of a crime involving fraud, deceit, or misrepresentation in any capacity involving the buying or selling of grain or the handling of payments for grain. Make clarifying changes. Deletes the amendment to GS 106-611 which prohibited a person whose actions led to suspension or revocation of a grain dealer's license from working from a dealer in a specified capacity. Makes a conforming change to the act's long title. Changes the act's effective date to October 1, 2013.
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