11-11-111. Warehouseman's records; contents; inspection and audit by department; issuance of warehouse receipts.
(a) Every warehouseman shall keep a complete record of all grain handled by him including the following:
(i) Name, address and phone number of the grower and of the owner;
(ii) Date of issuance of receipt;
(iii) Kind, quantity, quality and grade of grain received;
(iv) Agreed purchase price, if purchased;
(v) Agreed commission charged, if consigned;
(vi) Date of sale of consigned grain, to whom sold and price for which sold;
(vii) Date and details of settlement with vendor or consignor;
(viii) Documentation stating the location of the stored commodity. If the commodity is stored in another warehouse, then proof of bonding by that facility shall be included in the records.
(b) The above records shall be open to the confidential inspection of the department or its authorized agents at all times. Upon request of the depositor, every warehouseman shall issue a receipt for all grain received for storage on a form furnished by the department.