7 U.S.C. § 246 — Maintenance of records

submitted 110 years ago by Pub. L. 106-472 to r/title-7-AGRICULTURE · 77 words · no verdicts yet

in plain englishAI-generated · not legal advice

To help run this law, three kinds of people must keep records and file reports the Secretary requires. That includes licensed warehouse operators, operators of electronic receipt-transfer systems, and anyone else who issues electronic receipts or transfers documents under this law.

This section requires certain people to keep records so the Secretary can oversee the law. Three groups must keep the records and file the reports the Secretary requires by regulation: a warehouse operator licensed under this chapter; a person who runs a system for electronically recording and transferring receipts and other documents authorized under this chapter; and anyone else involved in issuing electronic receipts or transferring documents under this chapter.

the actual law source: uscode.house.gov ↗public domain

To facilitate the administration of this chapter, the following persons shall maintain such records and make such reports, as the Secretary may by regulation require:

(1)

A warehouse operator that is licensed under this chapter.

(2)

A person operating a system for the electronic recording and transfer of receipts and other documents that are authorized under this chapter.

(3)

Any other person engaged in the issuance of electronic receipts or the transfer of documents under this chapter.

Source credit: (Aug. 11, 1916, ch. 313, pt. C, § 7, as added Pub. L. 106–472, title II, § 201, Nov. 9, 2000, 114 Stat. 2065.)

history & why it existsrecord from the source credit

1916Enacted · Pub. L. 106-472 · 114 Stat. 2065

A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-472 on 1916-08-11.

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