(a) A petition filed by the Public Grain Warehouse Commissioner under ยง 2-17-402 shall be accompanied by the commissioner's plan for disposition of stored grain.
(b) (1) The plan may provide for the pro rata delivery of part or all of the stored grain to depositors holding warehouse receipts or unpriced scale tickets;
(2) The plan may provide for the sale under the supervision of the commissioner of part or all of the stored grain for the benefit of those depositors; or
(3) The plan may provide for any combination thereof, as the commissioner in his or her discretion determines to be necessary to minimize losses.
Section: Previous 2-17-402 2-17-403 2-17-404 2-17-405 2-17-406 2-17-407 2-17-408 2-17-409 2-17-410 2-17-411 2-17-412 2-17-413 2-17-414 2-17-415 NextLast modified: November 15, 2016