Section 824IAC2-2-2. Notices to director; when required

   (a) In addition to, and not in lieu of, all other notices required by the Act and this article, a licensee shall, within ten (10) days, give written notice to the director upon the occurrence of any of the following:

(1) Loss or damage to:

(A) stored grain; or

(B) licensed facilities.

(2) The death or legal incapacity of an individual or any member of a partnership operating a licensed facility.

(3) Change of ownership of a licensee, including a change in the members of a partnership, firm, or association.

(4) Change in shareholders or the relative amount of stock held by shareholders where the licensee is a corporation with twenty (20) or fewer shareholders.

(5) Change in name of a licensee.

(6) Any major structural change to a bin or facility licensed.

(7) The destruction or removal of facilities.

(8) The termination of a lease on a licensed facility.

(9) The leasing of a facility.

(A) Shall submit a copy of lease signed by all parties.

(10) Change of business address of the licensee.

(11) Upon the filing or upon notice to the licensee of the filing of any legal action which could have a material impact upon the licensee, including without limitation the filing of a petition in bankruptcy by or against the licensee, and the filing of a legal action seeking the appointment of a receiver for the licensee.

  (b) A notice required by this article shall recite the facts and circumstances surrounding the reason that notice is given. It shall be in writing and delivered by first class United States mail or in person to the office of the director. (Indiana Grain Buyers and Warehouse Licensing Agency; 824 IAC 2-2-2; filed Jan 19, 2001, 3:04 p.m.: 24 IR 1652; readopted filed Nov 16, 2007, 2:00 p.m.: 20071212-IR-824070667RFA; readopted filed Nov 27, 2013, 1:30 p.m.: 20131225-IR-824130492RFA)