901:7-2-06 Additional warehouse examinations.

(A) Additional examinations shall occur for any of the following reasons:

(1) The issuance of a W-70; violation notice for errors other than inventory reduction or unsigned delayed price agreements, or,

(2) Failure to comply with a W-70; or,

(3) Insufficient assets to cover delayed price obligations, insufficient grain inventories to cover grain bailment obligations; or.

(4) Financial statement indicates total assets do not equal or exceed total liabilities; failure to meet the applicable net worth requirement set forth in Chapter 926. of the Revised Code; or

(5) Financial statement indicates current assets do not equal or exceed current liabilities; or,

(6) Incomplete, inadequate or non-current records or inventory; or

(7) Unsafe warehouse conditions.

(B) If the director or his designated representative is unable to conduct or complete an examination, the licensed handler may be charged as follows:

(1) The hourly salary of the examiner times the number of hours required to complete the examination; meals, lodging and mileage, and;

(2) Such additional necessary incidental expenses as may be approved by the director of agriculture.

R.C. 119.032 review dates: 03/11/2013 and 03/11/2018
Promulgated Under: 119.03
Statutory Authority: 926.02
Rule Amplifies: 926.02 , 926.05
Prior Effective Dates: 2/19/2008