[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: 7CFR742.33]

[Page 365]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 742--COTTONSEED WAREHOUSES--Table of Contents
 
Sec. 742.33  Records to be kept in safe place.

    Each warehouseman shall provide a metal fireproof safe, a fireproof 
vault or a fireproof compartment in which he shall keep, when not in 
actual use, all records, books, and papers pertaining to the licensed 
warehouse, including his current receipt book, copies of receipts issued 
and canceled receipts, except that with the written consent of the 
Administrator, or his representative, upon a showing by such 
warehouseman that it is not practicable to provide such fireproof safe, 
vault, or compartment, he may keep such records, books, and papers in 
some other place of safety, approved by the Administrator or his 
representative. Each canceled receipt shall be retained by the 
warehouseman for a period of six years after December 31 of the year in 
which the receipt is canceled 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. Canceled receipts 
shall be arranged by the warehouseman in numerical order and otherwise 
in such manner as shall be directed, for purposes of audit, by 
authorized officers or agents of the Department of Agriculture.

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

[SRA, BAE 102; 13 FR 8731, Dec. 30, 1948; 19 FR 57, Jan. 6, 1954, as 
amended at 22 FR 1629, Mar. 14, 1957; 47 FR 745, Jan. 7, 1982. 
Redesignated at 50 FR 1814, Jan. 14, 1985]