ORS 586.315
Warehouseman required to insure grain or retain written waiver by depositor


(1)

Except as provided in subsection (2) of this section, grain in storage in a public warehouse or public terminal warehouse shall be kept fully insured by the warehouseman for the current market value of such grain against loss by fire, lightning, inherent explosion, windstorm, cyclone and tornado. Evidence of such insurance coverage in the form of a certificate of insurance approved by the State Department of Agriculture shall be filed with the department at the time of making application for an annual license to operate a public warehouse as required by this chapter. The department shall not issue a license until such certificate of insurance is received.

(2)

Any person depositing or storing grain who does not wish to have the grain of the person insured by a warehouseman, as required by subsection (1) of this section, may relieve the warehouseman of that duty and the provisions of this section, by notifying the warehouseman in writing that the person does not wish the grain of the person insured. If such notice specifies a definite period during which such grain shall not be insured, the warehouseman shall keep such notice in the files of the warehouseman for at least two years after such period ends. If no period is mentioned and the notice covers all grain which has been or may thereafter be deposited or stored with such warehouseman, then the warehouseman shall retain such notice for at least two years after all grain has been removed by the person giving such notice.

(3)

Notwithstanding the provisions of ORS 586.275 (Revocation of or refusal to issue license), when the provisions of this section are violated, the department shall immediately suspend the license of the warehouseman. The suspension shall remain in effect until there has been compliance with this section. The provisions of this subsection shall supersede any inconsistent provisions in ORS chapter 183. [1959 c.195 §6; 1961 c.425 §7]

Source: Section 586.315 — Warehouseman required to insure grain or retain written waiver by depositor, https://www.­oregonlegislature.­gov/bills_laws/ors/ors586.­html.

586.210
Definitions for ORS 586.210 to 586.730
586.225
Exemption for certain warehousing facilities
586.230
State Department of Agriculture to inspect warehouses and records and make rules to enforce ORS 586.210 to 586.730
586.235
Cooperative agreements for inspections in other states
586.250
Improper acts of department officers or employees and of others improperly influencing them
586.270
Warehouse licenses
586.275
Revocation of or refusal to issue license
586.280
Prohibition against operating a warehouse or issuing a warehouse receipt without a license
586.285
Operation without a license may be enjoined
586.290
Posting of signs at warehouses
586.295
Warehouse to be maintained in adequate manner
586.300
Warehouseman’s bond
586.315
Warehouseman required to insure grain or retain written waiver by depositor
586.330
Investigating and fixing warehouse charges
586.340
Posting rate schedules
586.350
Overcharges, rebates and preferences prohibited
586.360
Warehouseman required to receive grain for storage
586.370
Obtaining blank forms of receipts from department
586.380
Only authorized receipts to be used
586.382
Warehouse records
586.385
Warehouseman’s liability for failure to issue proper receipt
586.395
Warehouseman’s liability for injury to grain
586.400
Duty of warehouse receiving grain for storage
586.410
Loading and shipping instructions
586.415
Approval of holder of receipt required before sale, shipment or other transaction
586.520
Inspection of warehouses
586.525
Procedure in case of probable shortage in grain or where warehouseman refuses to submit to inspection
586.527
Settlement of claims against defaulting warehouseman
586.529
Receivership of warehouse business
586.530
Establishment of standard grades for commodities received
586.550
Warehouseman to keep copy of regulations available for inspection
586.555
Warehouseman’s reports to department
586.561
Discontinuance of operation of warehouse
586.710
Disposition of certain fees
586.720
Application of Uniform Commercial Code–Documents of Title and other laws to public warehouses
586.730
Violation of provisions or noncompliance with order prohibited
586.990
Penalties
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