[Code of Federal Regulations]
[Title 7, Volume 7, Parts 700 to 899]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR736.16]

[Page 249]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 736--GRAIN WAREHOUSES--Table of Contents
 
Sec. 736.16  New bond required each year.

    A continuous form of license shall remain in force for more than one 
year from its effective date or any subsequent extension thereof, 
provided that the warehouseman has on file with the Secretary a bond 
meeting the terms and conditions as outlined in 7 CFR 736.13. Such bond 
must be in the amount required by the Secretary and approved by him or 
his designated representative. Failure to provide or renew a bond shall 
result in immediate and automatic termination of the warehouseman's 
license.

[52 FR 37127, Oct. 5, 1987]