{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/3.2-4755.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/3.2-4755.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/3.2-4755.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/3.2-4755.html"}],"law_id":357860,"edition_id":2,"section_id":357860,"structure_id":51189,"section_number":"3.2-4755","catch_line":"License and renewal fee; bond or irrevocable letter of credit required; exemption","history":"1972, c. 296, \u00a7\u00a7 3.1-722.19, 3.1-722.21; 1982, c. 187; 2008, c. 860.","full_text":"A\n\nAll applications a for license or license renewal shall be accompanied by a license fee of $40, $10 for each branch location and agent, and a good and sufficient bond in an amount of $2,000 or an amount equal to the maximum amount of gross business done in any month in the Commonwealth during the preceding year by the applicant, whichever is greater, but in no event shall the amount of bond required exceed $40,000. An irrevocable letter of credit for the full amount of required bond may be submitted in lieu of a surety bond. A person, who upon written request shows proof satisfactory to the Commissioner that he is a cash buyer, shall be exempted from the bonding or irrevocable letter of credit requirements. The exemption shall be granted within 20 days of the receipt of the exemption request, unless the Commissioner requests the dealer to provide additional necessary information or unless the request is denied.\n\nB\n\nAny licensed grain dealer who fails to apply and qualify for the renewal of a license on or before the date of expiration, shall pay a penalty of $25, which shall be added to the original license fee and shall be paid by the applicant before the renewal may be issued.\n\n","order_by":null,"text":{"0":{"id":1331693,"text":"All applications a for license or license renewal shall be accompanied by a license fee of $40, $10 for each branch location and agent, and a good and sufficient bond in an amount of $2,000 or an amount equal to the maximum amount of gross business done in any month in the Commonwealth during the preceding year by the applicant, whichever is greater, but in no event shall the amount of bond required exceed $40,000. An irrevocable letter of credit for the full amount of required bond may be submitted in lieu of a surety bond. A person, who upon written request shows proof satisfactory to the Commissioner that he is a cash buyer, shall be exempted from the bonding or irrevocable letter of credit requirements. The exemption shall be granted within 20 days of the receipt of the exemption request, unless the Commissioner requests the dealer to provide additional necessary information or unless the request is denied.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1331694,"text":"Any licensed grain dealer who fails to apply and qualify for the renewal of a license on or before the date of expiration, shall pay a penalty of $25, which shall be added to the original license fee and shall be paid by the applicant before the renewal may be issued.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/3.2-4755\/","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 2 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 1982, chapter 187; in 2008, chapter 860<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1423881,"object_type":"law","relational_id":357860,"identifier":"3.2-4755","token":"3.2\/III\/47\/4\/3.2-4755","url":"\/3.2-4755\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/3.2-4755\/","token":"3.2\/III\/47\/4\/3.2-4755","dublin_core":{"Title":"License and renewal fee; bond or irrevocable letter of credit required; exemption","Type":"Text","Format":"text\/html","Identifier":"\u00a7 3.2-4755","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> All applications a for license or license renewal shall be accompanied by a license fee of $40, $10 for each branch location and agent, and a good and sufficient bond<\/span> in an amount of $2,000 or an amount equal to the maximum amount of gross business done in any month in the Commonwealth during the preceding year by the applicant, whichever is greater, but in no event shall the amount of bond<\/span> required exceed $40,000. An irrevocable letter of credit for the full amount of required bond<\/span> may be submitted in lieu of a surety<\/span> bond<\/span>. A person, who upon written request shows proof satisfactory to the Commissioner<\/span> that he is a cash buyer<\/span>, shall be exempted from the bonding or irrevocable letter of credit requirements. The exemption shall be granted within 20 days of the receipt of the exemption request, unless the Commissioner<\/span> requests the dealer to provide additional necessary information or unless the request is denied. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any licensed grain dealer<\/span> who fails to apply and qualify for the renewal of a license on or before the date of expiration, shall pay a penalty<\/span> of $25, which shall be added to the original license fee and shall be paid by the applicant before the renewal may be issued. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLICENSE AND RENEWAL FEE; BOND OR IRREVOCABLE LETTER OF CREDIT REQUIRED;\nEXEMPTION (\u00a7 3.2-4755)\n\nA. All applications a for license or license renewal shall be accompanied by a\nlicense fee of $40, $10 for each branch location and agent, and a good and\nsufficient bond in an amount of $2,000 or an amount equal to the maximum amount\nof gross business done in any month in the Commonwealth during the preceding\nyear by the applicant, whichever is greater, but in no event shall the amount of\nbond required exceed $40,000. An irrevocable letter of credit for the full\namount of required bond may be submitted in lieu of a surety bond. A person, who\nupon written request shows proof satisfactory to the Commissioner that he is a\ncash buyer, shall be exempted from the bonding or irrevocable letter of credit\nrequirements. The exemption shall be granted within 20 days of the receipt of\nthe exemption request, unless the Commissioner requests the dealer to provide\nadditional necessary information or unless the request is denied.\n\nB. Any licensed grain dealer who fails to apply and qualify for the renewal of a\nlicense on or before the date of expiration, shall pay a penalty of $25, which\nshall be added to the original license fee and shall be paid by the applicant\nbefore the renewal may be issued.\n\nHISTORY: 1972, c. 296, \u00a7\u00a7 3.1-722.19, 3.1-722.21; 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"}}