[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: 7CFR736.7]

[Page 247]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 736--GRAIN WAREHOUSES--Table of Contents
 
Sec. 736.7  Grounds for not issuing license.

    A license for the conduct of a warehouse, or any amendment to a 
license, under the regulations in this part, shall not be issued if it 
is found by the Secretary, or his designated representative, that the 
warehouse is not suitable for the proper storage of grain; that the 
warehouseman does not possess a good reputation, or does not have a net 
worth of at least $50,000.00, or is incompetent to conduct such 
warehouse in accordance with the act and the regulations in this part; 
or that there is any other sufficient reason within the intent of the 
act for not issuing such license. If all the facilities operated for the 
storage of grain by the applicant within the same city or town are not 
to be licensed under the act, the applicant shall not be licensed as a 
grain warehouseman with respect to any of such facilities, unless an 
exemption of the facilities which are not to be licensed is granted as 
provided in Sec. 736.3a.

[29 FR 15730, Nov. 24, 1964, as amended at 47 FR 23911, June 1, 1982. 
Redesignated at 50 FR 1814, Jan. 14, 1985 and further amended at 52 FR 
37127, Oct. 5, 1987]