010-17 Wyo. Code R. §§ 17-5 - Warehouse Receipts

(a) Negotiable warehouse receipts. Every warehouse or warehouseman shall issue a negotiable warehouse receipt when requested by the depositor.

(i) All negotiable warehouse receipts issued for stored grain shall be obtained from the Department of Agriculture.

(ii) Negotiable warehouse receipts shall be furnished by the Department to the warehouse at cost. Orders for receipts shall be submitted at least thirty (30) days prior to the time they are needed. The amount required shall be submitted with the order.

(b) Lost Negotiable warehouse receipt. In order to issue a warehouse receipt replacing one that has been lost or destroyed or to cancel an outstanding warehouse receipt that has been lost or destroyed, the licensed warehouse or warehouseman shall require the following from the depositor or other applicant:

(i) An affidavit stating that the depositor is lawfully entitled to the possession of the original receipt, that he has not negotiated or assigned it and an explanation of how the original receipt was lost or destroyed; and

(ii) A bond of double the market value of the grain represented by the lost or destroyed receipt. The market value shall be determined at the time the bond is submitted. This bond shall remain in place until the replacement receipt is returned to the issuing warehouse. Warehouse receipts issued in lieu of lost or destroyed receipts shall duplicate the original and bear a statement that it is issued in lieu of the lost or destroyed receipt. A replacement warehouse receipt shall clearly state that it is a replacement receipt, the number of the original receipt and the license number of the warehouse or warehouseman which issued the original receipt.

(c) Scale Tickets. Every warehouse or warehouseman shall issue a pre-numbered scale ticket for each load of grain deposited into their facility.

(i) Every scale ticket shall include the following information:

Producer of the grain

Type, class and grade of the grain delivered

Date the grain was delivered

Gross weight of the grain load

Net weight of the grain load

Tare weight of the grain load

Total amount of the grain load in bushels, hundred weight or pounds

Any other factor on which the load may be discounted or given a premium, including but not limited to bushel weight, protein, moisture, etc.

(d) Nonnegotiable warehouse receipts. Scale tickets which contain all required information as well as the name, address, city, state and zip code of the receiving warehouse and plainly show the amount of cash or value of merchandise the warehouseman has advanced on the grain represented on the scale ticket, if any, shall be considered nonnegotiable warehouse receipts and may be considered sufficient for all purposes.

(i) All scale tickets to be used as nonnegotiable warehouse receipts shall be signed by the warehouseman or his authorized representative.

Notes

010-17 Wyo. Code R. §§ 17-5