(a) Required qualifications. An applicant from a United States jurisdiction that does not license grain warehousemen shall meet the following requirements:
- (1) The applicant shall be sufficiently competent in the grain warehousing; and
- (2) The applicant shall meet the bonding and financial reporting requirements listed in 2 CAR § 28-103 of the Rules on Grain Dealers in Arkansas.
- (b) Required documentation. An applicant shall submit a fully-executed application, the required fee, and the bonding and financial reporting documentation required in 2 CAR § 29-103 of the Rules on Public Grain Warehouses in Arkansas and Arkansas Code § 2-7-201 et seq.