{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/3.2-4760.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/3.2-4760.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/3.2-4760.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/3.2-4760.html"}],"law_id":357865,"edition_id":2,"section_id":357865,"structure_id":51189,"section_number":"3.2-4760","catch_line":"Grounds for refusal or revocation of license","history":"1972, c. 296, \u00a7 3.1-722.24; 1975, c. 85; 1982, c. 187; 2008, c. 860.","full_text":"The Commissioner may refuse to grant or renew any license, or revoke any license if he finds that the grain dealer:\n\n1\n\nHas not satisfied a final money judgment entered against him;\n\n2\n\nHas failed to promptly and properly account and pay for in full within 10 calendar days of the receipt of the grain from the producer, unless a written agreement signed by both parties expressly provides or permits otherwise. The prompt and proper accounting of and payment for grain shall include the following:\n\t\t\ta. Any grain dealer who purchases grain from a producer shall deliver to the producer or his duly authorized representative the full amount of the purchase price, within the time specified in this subdivision. Payment shall occur either by transferring a check in the full amount to the producer or his authorized agent at the point of transfer of possession, wiring transfer funds to the producer’s account for the full purchase price, or by depositing a check in the United States mail for the full amount properly addressed to the producer and in an envelope postmarked within the time specified in this section.\n\n\t\t\tb. Any grain dealer who sells grain deposited in his grain storage facility by a producer shall promptly notify the producer or his duly authorized representative of the sale, and shall deliver to the producer or his authorized representative the full amount of the purchase price within the time specified in this subdivision. The time limit may be extended for good cause and with the written consent of the depositor. Nonpayment by the purchaser shall not constitute “good cause” under this section.\n\n\t\t\tc. Any grain dealer who enters into a deferred payment, price later, or contract transaction with a producer shall have the transaction in writing and signed by both parties and shall deliver a copy of the transaction to the producer or his duly authorized representative. Upon conclusion of the written agreement transaction, the dealer shall deliver to the producer or his authorized representative the full amount of the purchase price within the time specified in this subdivision;\n\n3\n\nHas failed to maintain business records of his grain transactions as required;\n\n4\n\nHas failed to post current discounts where they can readily be reviewed by the producer or his representative;\n\n5\n\nUpon the request of the producer or his representative, has failed to notify the producer or his representative at the time of delivery of all discounts and deductions applied;\n\n6\n\nHas failed to file annually with the Commissioner the discount schedules for each grain purchased, including the effective date of the purchase, or has failed to make available upon request of the Commissioner during normal business hours any changes in the discount schedules that have been filed;\n\n7\n\nHas engaged in fraudulent or deceptive practices in the transaction of his business as a dealer;\n\n8\n\nHas failed to state on producers receipts the type of grain transactions that shall include storage, grain bank, grain exchange, price later, deferred payment, and contract;\n\n9\n\nHas failed to maintain a bond or letter of credit as required; or\n\n10\n\nHas violated any regulation adopted by the Board.\n\n","order_by":null,"text":{"0":{"id":1331705,"text":"The Commissioner may refuse to grant or renew any license, or revoke any license if he finds that the grain dealer:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":1331706,"text":"Has not satisfied a final money judgment entered against him;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":1331707,"text":"Has failed to promptly and properly account and pay for in full within 10 calendar days of the receipt of the grain from the producer, unless a written agreement signed by both parties expressly provides or permits otherwise. The prompt and proper accounting of and payment for grain shall include the following:\n\t\t\ta. Any grain dealer who purchases grain from a producer shall deliver to the producer or his duly authorized representative the full amount of the purchase price, within the time specified in this subdivision. Payment shall occur either by transferring a check in the full amount to the producer or his authorized agent at the point of transfer of possession, wiring transfer funds to the producer’s account for the full purchase price, or by depositing a check in the United States mail for the full amount properly addressed to the producer and in an envelope postmarked within the time specified in this section.\t\t\tb. Any grain dealer who sells grain deposited in his grain storage facility by a producer shall promptly notify the producer or his duly authorized representative of the sale, and shall deliver to the producer or his authorized representative the full amount of the purchase price within the time specified in this subdivision. The time limit may be extended for good cause and with the written consent of the depositor. Nonpayment by the purchaser shall not constitute “good cause” under this section.\t\t\tc. Any grain dealer who enters into a deferred payment, price later, or contract transaction with a producer shall have the transaction in writing and signed by both parties and shall deliver a copy of the transaction to the producer or his duly authorized representative. Upon conclusion of the written agreement transaction, the dealer shall deliver to the producer or his authorized representative the full amount of the purchase price within the time specified in this subdivision;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":1331708,"text":"Has failed to maintain business records of his grain transactions as required;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":1331709,"text":"Has failed to post current discounts where they can readily be reviewed by the producer or his representative;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":1331710,"text":"Upon the request of the producer or his representative, has failed to notify the producer or his representative at the time of delivery of all discounts and deductions applied;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":1331711,"text":"Has failed to file annually with the Commissioner the discount schedules for each grain purchased, including the effective date of the purchase, or has failed to make available upon request of the Commissioner during normal business hours any changes in the discount schedules that have been filed;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":1331712,"text":"Has engaged in fraudulent or deceptive practices in the transaction of his business as a dealer;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":1331713,"text":"Has failed to state on producers receipts the type of grain transactions that shall include storage, grain bank, grain exchange, price later, deferred payment, and contract;","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":1331714,"text":"Has failed to maintain a bond or letter of credit as required; or","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8","next_prefix":"10"},"10":{"id":1331715,"text":"Has violated any regulation adopted by the Board.","type":"section","prefixes":["10"],"prefix":"10","entire_prefix":"10","prefix_anchor":"10","level":1,"prior_prefix":"9"}},"ancestry":[{"id":51189,"edition_id":2,"name":"Dealers in Grain Products","identifier":"4","label":"article","depth":4,"order_by":3,"parent_id":51185,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 02:38:47","date_modified":"2026-08-02 12:27:39","permalink":{"id":1423871,"object_type":"structure","relational_id":51189,"identifier":"4","token":"3.2\/III\/47\/4","url":"\/3.2\/III\/47\/4\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51185,"edition_id":2,"name":"Sale of Farm Produce","identifier":"47","label":"chapter","depth":3,"order_by":15,"parent_id":51149,"metadata":{"child_laws":76,"child_structures":5},"date_created":"2026-08-02 02:38:41","date_modified":"2026-08-02 12:27:39","permalink":{"id":1423651,"object_type":"structure","relational_id":51185,"identifier":"47","token":"3.2\/III\/47","url":"\/3.2\/III\/47\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51149,"edition_id":2,"name":"Production and Sale of Agricultural Products","identifier":"III","label":"subtitle","depth":2,"order_by":4,"parent_id":51103,"metadata":{"child_laws":398,"child_structures":44},"date_created":"2026-08-02 02:38:09","date_modified":"2026-08-02 12:27:34","permalink":{"id":1422445,"object_type":"structure","relational_id":51149,"identifier":"III","token":"3.2\/III","url":"\/3.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51103,"edition_id":2,"name":"Agriculture, Animal Care, and Food","identifier":"3.2","label":"title","depth":1,"order_by":5,"parent_id":null,"metadata":{"child_laws":1194,"child_structures":151},"date_created":"2026-08-02 02:37:33","date_modified":"2026-08-02 12:27:27","permalink":{"id":1420941,"object_type":"structure","relational_id":51103,"identifier":"3.2","token":"3.2","url":"\/3.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":357858,"structure_id":51189,"section_number":"3.2-4753","catch_line":"Definitions","url":"\/3.2-4753\/","token":"3.2\/III\/47\/4\/3.2-4753","metadata":false},{"id":357859,"structure_id":51189,"section_number":"3.2-4754","catch_line":"License required; application for license or renewal","url":"\/3.2-4754\/","token":"3.2\/III\/47\/4\/3.2-4754","metadata":false},{"id":357860,"structure_id":51189,"section_number":"3.2-4755","catch_line":"License and renewal fee; bond or irrevocable letter of credit required; exemption","url":"\/3.2-4755\/","token":"3.2\/III\/47\/4\/3.2-4755","metadata":false},{"id":357861,"structure_id":51189,"section_number":"3.2-4756","catch_line":"Execution, terms and form of bond or irrevocable letter of credit; action on bond or irrevocable letter of credit; investigation of complaints","url":"\/3.2-4756\/","token":"3.2\/III\/47\/4\/3.2-4756","metadata":false},{"id":357862,"structure_id":51189,"section_number":"3.2-4757","catch_line":"Duties and powers of Commissioner with respect to bonds","url":"\/3.2-4757\/","token":"3.2\/III\/47\/4\/3.2-4757","metadata":false},{"id":357863,"structure_id":51189,"section_number":"3.2-4758","catch_line":"Grain Dealers Licensing and Bonding Fund established; disposition of fees and penalties","url":"\/3.2-4758\/","token":"3.2\/III\/47\/4\/3.2-4758","metadata":false},{"id":357864,"structure_id":51189,"section_number":"3.2-4759","catch_line":"Records to be kept by dealers","url":"\/3.2-4759\/","token":"3.2\/III\/47\/4\/3.2-4759","metadata":false},{"id":357865,"structure_id":51189,"section_number":"3.2-4760","catch_line":"Grounds for refusal or revocation of license","url":"\/3.2-4760\/","token":"3.2\/III\/47\/4\/3.2-4760","metadata":false},{"id":357866,"structure_id":51189,"section_number":"3.2-4761","catch_line":"Procedure for refusal or revocation of license; notice of hearing","url":"\/3.2-4761\/","token":"3.2\/III\/47\/4\/3.2-4761","metadata":false},{"id":357867,"structure_id":51189,"section_number":"3.2-4762","catch_line":"Commissioner's authority to investigate","url":"\/3.2-4762\/","token":"3.2\/III\/47\/4\/3.2-4762","metadata":false},{"id":357868,"structure_id":51189,"section_number":"3.2-4763","catch_line":"Violation a misdemeanor; illegal acts relating to issuance of receipts or removal of grain under storage, exchange or grain bank a felony","url":"\/3.2-4763\/","token":"3.2\/III\/47\/4\/3.2-4763","metadata":false}],"previous_section":{"id":357864,"structure_id":51189,"section_number":"3.2-4759","catch_line":"Records to be kept by dealers","url":"\/3.2-4759\/","token":"3.2\/III\/47\/4\/3.2-4759","metadata":false},"next_section":{"id":357866,"structure_id":51189,"section_number":"3.2-4761","catch_line":"Procedure for refusal or revocation of license; notice of hearing","url":"\/3.2-4761\/","token":"3.2\/III\/47\/4\/3.2-4761","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/3.2-4760\/","history_text":"

This law was first created in 1972. The record of its establishment is cataloged in chapter 296 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1972 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1975, chapter 85; in 1982, chapter 187; in 2008, chapter 860<\/a>.<\/p>","references":[{"id":357866,"section_number":"3.2-4761","catch_line":"Procedure for refusal or revocation of license; notice of hearing","order_by":null,"url":"\/3.2-4761\/"}],"refers_to":false,"permalink":{"id":1423901,"object_type":"law","relational_id":357865,"identifier":"3.2-4760","token":"3.2\/III\/47\/4\/3.2-4760","url":"\/3.2-4760\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/3.2-4760\/","token":"3.2\/III\/47\/4\/3.2-4760","dublin_core":{"Title":"Grounds for refusal or revocation of license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 3.2-4760","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Commissioner<\/span> may refuse to grant or renew any license, or revoke any license if he finds that the grain dealer<\/span>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Has not satisfied a final money judgment<\/span> entered against him; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Has failed to promptly and properly account and pay for in full within 10 calendar days of the receipt of the grain from the producer<\/span>, unless a written agreement signed by both parties expressly provides or permits otherwise. The prompt and proper accounting of and payment for grain shall include the following:\n\t\t\ta. Any grain dealer<\/span> who purchases grain from a producer<\/span> shall deliver to the producer<\/span> or his duly authorized representative the full amount of the purchase price, within the time specified in this subdivision. Payment shall occur either by transferring a check in the full amount to the producer<\/span> or his authorized agent at the point of transfer of possession<\/span>, wiring transfer funds to the producer<\/span>’s account for the full purchase price, or by depositing a check in the United States mail for the full amount properly addressed to the producer<\/span> and in an envelope postmarked within the time specified in this section.

\t\t\tb. Any grain dealer<\/span> who sells grain deposited in his grain storage<\/span> facility by a producer<\/span> shall promptly notify the producer<\/span> or his duly authorized representative of the sale, and shall deliver to the producer<\/span> or his authorized representative the full amount of the purchase price within the time specified in this subdivision. The time limit may be extended for good cause and with the written consent of the depositor. Nonpayment by the purchaser shall not constitute “good cause” under this section.

\t\t\tc. Any grain dealer<\/span> who enters into a deferred payment<\/span>, price later<\/span>, or contract<\/span> transaction with a producer<\/span> shall have the transaction in writing and signed by both parties and shall deliver a copy of the transaction to the producer<\/span> or his duly authorized representative. Upon conclusion of the written agreement transaction, the dealer shall deliver to the producer<\/span> or his authorized representative the full amount of the purchase price within the time specified in this subdivision; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Has failed to maintain business records of his grain transactions as required; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Has failed to post current discounts where they can readily be reviewed by the producer<\/span> or his representative; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Upon the request of the producer<\/span> or his representative, has failed to notify the producer<\/span> or his representative at the time of delivery of all discounts and deductions applied; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Has failed to file annually with the Commissioner<\/span> the discount schedules<\/span> for each grain purchased, including the effective date of the purchase, or has failed to make available upon request of the Commissioner<\/span> during normal business hours any changes in the discount schedules<\/span> that have been filed; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Has engaged in fraudulent or deceptive practices in the transaction of his business as a dealer; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Has failed to state on producers<\/span> receipts the type of grain transactions that shall include storage<\/span>, grain bank<\/span>, grain exchange<\/span>, price later<\/span>, deferred payment<\/span>, and contract<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Has failed to maintain a bond<\/span> or letter of credit as required; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Has violated any regulation adopted by the Board<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGROUNDS FOR REFUSAL OR REVOCATION OF LICENSE (\u00a7 3.2-4760)\n\nThe Commissioner may refuse to grant or renew any license, or revoke any license\nif he finds that the grain dealer:\n\n1. Has not satisfied a final money judgment entered against him;\n\n2. Has failed to promptly and properly account and pay for in full within 10\ncalendar days of the receipt of the grain from the producer, unless a written\nagreement signed by both parties expressly provides or permits otherwise. The\nprompt and proper accounting of and payment for grain shall include the\nfollowing:\n\t\t\ta. Any grain dealer who purchases grain from a producer shall deliver to the\nproducer or his duly authorized representative the full amount of the purchase\nprice, within the time specified in this subdivision. Payment shall occur either\nby transferring a check in the full amount to the producer or his authorized\nagent at the point of transfer of possession, wiring transfer funds to the\nproducer’s account for the full purchase price, or by depositing a check\nin the United States mail for the full amount properly addressed to the producer\nand in an envelope postmarked within the time specified in this section.\t\t\tb.\nAny grain dealer who sells grain deposited in his grain storage facility by a\nproducer shall promptly notify the producer or his duly authorized\nrepresentative of the sale, and shall deliver to the producer or his authorized\nrepresentative the full amount of the purchase price within the time specified\nin this subdivision. The time limit may be extended for good cause and with the\nwritten consent of the depositor. Nonpayment by the purchaser shall not\nconstitute “good cause” under this section.\t\t\tc. Any grain dealer\nwho enters into a deferred payment, price later, or contract transaction with a\nproducer shall have the transaction in writing and signed by both parties and\nshall deliver a copy of the transaction to the producer or his duly authorized\nrepresentative. Upon conclusion of the written agreement transaction, the dealer\nshall deliver to the producer or his authorized representative the full amount\nof the purchase price within the time specified in this subdivision;\n\n3. Has failed to maintain business records of his grain transactions as\nrequired;\n\n4. Has failed to post current discounts where they can readily be reviewed by\nthe producer or his representative;\n\n5. Upon the request of the producer or his representative, has failed to notify\nthe producer or his representative at the time of delivery of all discounts and\ndeductions applied;\n\n6. Has failed to file annually with the Commissioner the discount schedules for\neach grain purchased, including the effective date of the purchase, or has\nfailed to make available upon request of the Commissioner during normal business\nhours any changes in the discount schedules that have been filed;\n\n7. Has engaged in fraudulent or deceptive practices in the transaction of his\nbusiness as a dealer;\n\n8. Has failed to state on producers receipts the type of grain transactions that\nshall include storage, grain bank, grain exchange, price later, deferred\npayment, and contract;\n\n9. Has failed to maintain a bond or letter of credit as required; or\n\n10. Has violated any regulation adopted by the Board.\n\nHISTORY: 1972, c. 296, \u00a7 3.1-722.24; 1975, c. 85; 1982, c. 187; 2008, c. 860.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}