[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: 7CFR736.37]

[Page 255]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 736--GRAIN WAREHOUSES--Table of Contents
 
Sec. 736.37  System of accounts.

    Each warehouseman shall have and maintain a system of accounts, 
approved for the purpose by the Service. This shall include a stock 
record showing for each lot of grain received for storage its net weight 
including dockage, if any, its grade when its grade is required to be, 
or is, ascertained, its location, the dates received for and delivered 
out of storage, the receipts issued and canceled, also a separate record 
for each depositor of his grain, which shall include a detailed record 
of all moneys received and disbursed and of all insurance policies taken 
out and canceled on request of each depositor. The warehouseman shall 
further keep a general insurance account showing the policy number, 
issuing company, amount, binding, and expiration dates of all fire, 
tornado, and other insurance policies taken out by him and in each 
instance show the property covered by such policies. These records shall 
also show similar information concerning any nonstorage grain handled 
through the warehouse. Such records shall be retained by the 
warehouseman for a period of six years after December 31 of the year in 
which created, and for such longer period as may be necessary for the 
purposes of any litigation which the warehouseman knows to be pending, 
or as may be required by the Administrator in particular cases to carry 
out the purposes of the Act.

(Approved by the Office of Management and Budget under control number 
0560-0120)

[29 FR 15730, Nov. 24, 1964, as amended at 47 FR 745, Jan. 7, 1982. 
Redesignated at 50 FR 1814, Jan. 14, 1985]