[Code of Federal Regulations]
[Title 7, Volume 7]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR736.18]

[Page 250-251]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 736--GRAIN WAREHOUSES--Table of Contents
 
Sec. 736.18  Form.

    (a) Every receipt, whether negotiable or nonnegotiable, issued for 
grain stored in a licensed 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 warehouseman and the designation, if any, of the 
warehouse,
    (2) A statement whether the warehouseman is incorporated or 
unincorporated, and if incorporated, under what laws,

[[Page 251]]

    (3) In event the relationship existing between the warehouseman and 
any depositor is not that of strictly disinterested custodianship, a 
statement setting forth the actual relationship,
    (4) A statement conspicuously placed, whether or not the grain is 
insured, and, if insured, to what extent, by the warehouseman against 
loss by fire, lightning, tornado, or otherwise,
    (5) The net weight, including dockage, if any, of the grain,
    (6) In the case of grain the identity of which is to be preserved, 
its identification or location in accordance with Sec. 736.45,
    (7) The words ``Not Negotiable,'' or ``Negotiable,'' according to 
the nature of the receipt, clearly and conspicuously printed or stamped 
thereon, and
    (8) That the holder of the receipt or the depositor of the grain 
shall demand the delivery of the grain not later than the expiration of 
one year from the date of the receipt.
    (b) Every receipt, whether negotiable or nonnegotiable, issued for 
grain stored in a warehouse shall specify a period, not exceeding one 
year, for which the grain is accepted for storage under the Act and the 
regulations in this part. Upon demand for issuance of a new receipt, 
surrender of the old receipt by the lawful holder thereof at or before 
the expiration of the period specified therein and an offer to satisfy 
the warehouseman's lien, the warehouseman, upon such lawful terms and 
conditions as may be granted by him to other depositors of grain in his 
warehouse, shall, in the absence of some lawful excuse, issue a new 
receipt for a further specified period, not exceeding one year.
    (c) Every negotiable receipt issued shall, in addition to conforming 
with the requirements of paragraph (a) of this section, embody within 
its written or printed terms, 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 grain covered by the 
receipt.
    (d) The grade stated in a receipt shall be stated in accordance with 
Sec. 736.76 as determined by the inspector who last inspected and graded 
the grain or if an appeal has been taken, the grade shall be stated on 
such receipt in accordance with the grade as finally determined in such 
appeal.
    (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 in 
the space provided for the statement of grade the words ``Not graded on 
request of depositor.''
    (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 purposely by the 
warehouseman.

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

[29 FR 15730, Nov. 24, 1964, as amended at 45 FR 5661, Jan. 24, 1980; 47 
FR 745, Jan. 7, 1982. Redesignated at 50 FR 1814, Jan. 14, 1985]