[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: 7CFR739.7]

[Page 305-306]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 739--DRY BEAN WAREHOUSES--Table of Contents
 
Sec. 739.7  Suspension or revocation of warehouse licenses.

    Pending investigation, the Secretary, or his designated 
representative, whenever he deems it necessary, may suspend a 
warehouseman's license temporarily without hearing. Upon written request 
and a satisfactory statement of reasons therefor submitted by a 
warehouseman, the Secretary, or his designated representative, may, 
without hearing suspend or revoke the license issued to such 
warehouseman. The Secretary, or his designated representative, may, 
after opportunity for hearing has been afforded in the manner prescribed 
in this section, cancel a license issued to a warehouseman when such 
warehouseman (a) is bankrupt or insolvent, (b) has parted in whole or in 
part with his control over the licensed warehouse, (c) is in process of 
dissolution or has been dissolved, (d) has ceased to conduct such 
licensed warehouse, or (e) has in any other manner

[[Page 306]]

become nonexistent or incompetent or incapacitated to conduct the 
business of the warehouse. Whenever any of the conditions mentioned in 
paragraphs (a) to (e) of this section shall come into existence it shall 
be the duty of the warehouseman to notify the Administrator immediately 
of the existing condition. Before a license is revoked for any violation 
of, or failure to comply with, any provision of the act or of the 
regulations in this part, or upon the ground that unreasonable or 
exorbitant charges have been made for services rendered, the 
warehouseman involved shall be furnished by the Secretary, or his 
designated representative, a written statement specifying the charges 
and shall be allowed a reasonable time within which he may answer the 
same in writing and apply for a hearing, an opportunity for which shall 
be afforded in accordance with Sec. 739.80.