[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: 7CFR737.7]

[Page 272]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 737--TOBACCO WAREHOUSES--Table of Contents
 
Sec. 737.7  Suspension or revocation of license.

    Pending investigation, the Secretary, or his designated 
representative, whenever he deems 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, revoke 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 become nonexistent or 
incompetent or incapacitated to conduct the business of the warehouse. 
Whenever any of the conditions mentioned in paragraphs (a) through (e) 
of this section shall come into existence it shall be the duty of the 
warehouseman to notify immediately the Administrator 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 by 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. 737.78.

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