The Department shall issue a grain dealers license, renew a license or continue a license if the department is satisfied that the applicant or license meets the following conditions:
- (1) The applicant, license, or manager is of good business reputation.
- (2) The applicant, licensee, or manager has the qualification and background essential for the conduct of a grain dealer’s business, as may be determined by examination and re- examination by the department. The department may require applicants to participate in training programs development to insure compliance with this and other provisions of this act.
- (3) The applicant or licensee has adequate bonding under Rule 0080-05-13-.04 SECURITY REQUIREMENTS.
- (4) The applicant or licensee maintains a permanent business location, and such applicant’s or licensee’s place of business will remain open during normal business hours.
- (5) The applicant or licensee has sufficient financial resources to pay producers for grain purchased from them.
Authority: T.C.A. §§4-3-203 and 43-32-213. Administrative History: Original rule filed July 10, 1991; effective August 24, 1991. Amendment filed June 10, 1993; effective July 25, 1993.