[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: 7CFR741.16]

[Page 344-345]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 741--SIRUP WAREHOUSES--Table of Contents
 
Sec. 741.16  Form.

    (a) Every receipt, whether negotiable or nonnegotiable, issued for 
sirups stored in a warehouse, shall, in addition to complying with the 
requirements of section 18 of the act, embody within its written or 
printed terms the following: (1) The name of the licensed warehouseman 
and the designation, if any, of the warehouse; (2) the license number of 
the warehouse; (3) a statement whether the ware- houseman is 
incorporated or unincorporated, and if incorporated, under what laws; 
(4) in the case of identity-preserved sirup, the lot number given to 
each lot of sirup, in accordance with Sec. 741.32; (5) a statement 
conspicuously placed, whether or not the sirup is insured, and if 
insured, to what extent, by the warehouseman against loss by fire, 
lightning, or tornado; (6) a blank space, designated for the purpose, in 
which the kind of sirup shall be stated; (7) a blank space, designated 
for the purpose, in which the locality in which the sirup was produced 
shall be stated, if known; (8) a blank space, designated for the 
purpose, in which the condition of the sirup shall be stated; (9) if the 
sirup is in barrels, drums or jackets, the gross, tare, and net weight, 
or number of gallons; (10) if in cases, the number of cases and size of 
containers; (11) if in bulk for storage in tanks, the weight and/or the 
number of gallons; (12) the word ``negotiable'' or ``nonnegotiable,'' 
according to the nature of the receipt, clearly and conspicuously 
printed or stamped thereon; (13) in the event the relationship existing 
between the warehouseman and any depositor is not that of strictly 
disinterested custodianship, a statement setting forth the actual 
relationship.
    (b) Every receipt, whether negotiable or nonnegotiable, issued for 
sirup stored in a warehouse, shall specify a period, not exceeding 1 
year, for which the sirup is accepted for storage under the act and this 
part: Provided, however, That no receipt shall be issued for sugarcane 
sirup stored without refrigeration in barrels for a period extending 
beyond March 1, following the year in which produced. Upon demand and 
surrender of the old receipt by the lawful holder thereof at or before 
the expiration of the period specified, the warehouseman, upon such 
lawful terms and conditions as may be granted by him to other depositors 
of sirup in his warehouse, if he then continues to act as a licensed 
warehouseman, shall issue a new receipt for a further specified period 
not exceeding 1 year: Provided, It is actually determined by a licensed 
inspector that the sirup has not deteriorated and that it is in proper 
condition for storage for another year: And provided further, That this 
provision shall not relate to sirup stored in wooden barrels. If the 
warehouseman continues to act as a public, but not as a licensed 
warehouseman, he may issue a new non-licensed receipt.
    (c) The grade stated in a receipt issued for sirup stored in a 
warehouse, shall be stated as determined by the licensed inspector who 
last inspected the sirup before the issuance of such receipt, and such 
receipt shall embody within its written or printed terms the following: 
(1) That the sirup covered by the receipt was inspected by a licensed 
inspector, and (2) a form of indorsement which may be used by the 
depositor or his authorized agent, for showing the ownership of, and 
liens, mortgages, or other encumbrances on the sirup covered by the 
receipt.
    (d) Whenever the grade of sirup is stated in a receipt issued for 
sirup stored in a warehouse, such grade shall be stated in accordance 
with Secs. 741.66 through 741.68.
    (e) If a warehouseman issues a receipt omitting the statement of 
grade on request of the depositor as permitted by section 18 of the act, 
such receipt shall have clearly and conspicuously stamped or written on 
the face thereof the words ``Not graded on request of depositor''.

[[Page 345]]

    (f) If a warehouseman issues a receipt under the act omitting any 
information not required to be stated, for which a blank space is 
provided in the form of the receipt, a line shall be drawn through such 
space to show that such omission has been made by the warehouseman.

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

[4 FR 4834, Dec. 13, 1939, as amended at 47 FR 745, Jan. 7, 1982. 
Redesignated at 50 FR 1814, Jan. 14, 1985]