Illinois Compiled Statutes 240 Warehouses: Article 15 - Violations; Financial Deficiencies; Administrative Penalties; Suspension And Revocation Of License

• Illinois Grain Code. - 240 ILCS 40, Section 15-5
  Training. Without limitation upon any other action under this Code, if a licensee violates any of the provisions of this Code, the Department may,...
• Illinois Grain Code. - 240 ILCS 40, Section 15-10
  De minimus violations. (a) If a licensee commits a de minimus violation of this Code, the Director may, in his or her discretion, and...
• Illinois Grain Code. - 240 ILCS 40, Section 15-15
  Violations of open position limits. (a) Violations of maximum allowable open position limits by more than 1,000 bushels but less than twice the maximum...
• Illinois Grain Code. - 240 ILCS 40, Section 15-20
  Grain quantity and grain quality violations. (a) Grain quantity deficiencies of more than $1,000 but less than $20,000. (1) If a licensee fails to...
• Illinois Grain Code. - 240 ILCS 40, Section 15-25
  Deposit of penalties. All monetary penalties collected by the Department shall be paid into the Fund. (Source: P.A. 89-287, eff. 1-1-96.)
• Illinois Grain Code. - 240 ILCS 40, Section 15-30
  Financial and record keeping deficiencies; collateral and guarantees. (a) An applicant or a licensee has a financial deficiency if it does not meet the...
• Illinois Grain Code. - 240 ILCS 40, Section 15-35
  Return of collateral and guarantees. If the next fiscal year's financial statement of a licensee received by the Department and an examination performed by...
• Illinois Grain Code. - 240 ILCS 40, Section 15-40
  Suspension and revocation of license. (a) The Director may suspend a license and take possession and control of all grain assets and equity assets...
• Illinois Grain Code. - 240 ILCS 40, Section 15-45
  Criminal offenses. (a) A person who causes a warehouse receipt for grain to be issued knowing that the grain for which that warehouse receipt...

Last modified: February 18, 2015