[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: 7CFR739.37]

[Page 312]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 739--DRY BEAN WAREHOUSES--Table of Contents
 
Sec. 739.37  System of accounts.

    Each warehouseman shall use for his warehouse a system of accounts, 
approved for the purpose by the Administrator, or his authorized 
representative, which shall show for each bag or lot of beans the name 
of the depositor, the weight of the beans, the number of bags in each 
lot, the grade when grade is required to be, or is ascertained, the 
location in the warehouse, the dates received for and delivered out of 
storage, the receipts issued and canceled, a separate record for each 
depositor; and such accounts shall include a detailed record of all 
moneys received and disbursed and of all effective insurance policies. 
In the case of beans the identity of which is to be preserved the tag 
number or stencil identification mark mentioned in Sec. 739.33 shall be 
shown. 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)

[10 FR 4964, May 4, 1945, as amended at 29 FR 13369, Sept. 26, 1964; 47 
FR 745, Jan. 7, 1982. Redesignated at 50 FR 1814, Jan. 14, 1985]