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§ 9-34. Unlawful acts--Commodity storage and receipts--Penalties--Prepositioning of commodity s...

Oklahoma Statutes AnnotatedTitle 2. Agriculture

Oklahoma Statutes Annotated
Title 2. Agriculture
Chapter 1. Agricultural Code (Refs & Annos)
Article 9. Warehouses, Livestock Auction Markets and Market News (Refs & Annos)
A. Public Warehouse and Commodity Indemnity Act
2 Okl.St.Ann. § 9-34
§ 9-34. Unlawful acts--Commodity storage and receipts--Penalties--Prepositioning of commodity stocks
A. It shall be a felony for any warehouseman, employee, or manager of a public warehouse to knowingly:
1. Issue or receive a fraudulent warehouse receipt regarding, but not limited to, commodities that are not actually stored at the time of issuing the receipt, issuing any warehouse receipt or scale ticket that is in any respect fraudulent in its character, either as to its date or to the quantity, quality, or inspected grade of the commodities, or who shall remove any commodities from store, except to preserve the commodities from fire or other damage without the return and cancellation of all outstanding receipts that may have been issued to represent the commodities; or
2. Issue a delayed pricing contract, deferred payment contract, or any other records for sales of commodities in a fraudulent manner without the full knowledge and consent of the producer.
A violation of this section shall, upon conviction, be punishable by a fine of not more than Ten Thousand Dollars ($10,000.00) or by imprisonment in the State Penitentiary for not more than ten (10) years or by both such fine and imprisonment.
B. The State Board of Agriculture, upon application from the warehouseman, may approve the prepositioning of commodity stocks in state-chartered or federally licensed terminal warehouses in order to free storage space for new harvest commodities. The period for such action shall not exceed sixty (60) days prior to anticipated beginning of harvest for the commodity nor can they be out of position more than one hundred eighty (180) days. The Board may extend the time period an additional one hundred eighty (180) days as specified by rules promulgated by the Board.

Credits

Laws 1955, p. 82, art. 9(B), § 14, emerg. eff. June 3, 1955; Laws 1977, c. 106, § 6, emerg. eff. May 27, 1977; Laws 1987, c. 125, § 10, emerg. eff. June 2, 1987; Laws 1997, c. 133, § 93, eff. July 1, 1999; Laws 1999, c. 157, § 6, eff. Nov. 1, 1999; Laws 2000, c. 243, § 93, emerg. eff. May 24, 2000; Laws 2001, c. 119, § 5, eff. Nov. 1, 2001.
2 Okl. St. Ann. § 9-34, OK ST T. 2 § 9-34
Current with emergency effective legislation through Chapter 316 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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