{"data":{"id":"us-nc/n.c.-gen.-stat.-106-451.42","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 106-451.42","heading":"Application; bond; display of certificate of registration.","body":"(a)\tA cotton gin, cotton warehouse, cotton merchant, or cotton marketing cooperative or association shall, on or before July 1 of each year, file an application for registration on a form provided by the Commissioner of Agriculture. A fee of twenty-five dollars ($25.00) shall be submitted with each application.\n(b)\tAn application for registration as a cotton warehouse shall also be accompanied by a bond in the amount of three hundred thousand dollars ($300,000) issued by a company authorized to issue surety bonds in North Carolina and shall be conditioned upon fulfillment of contractual obligations related to the purchase or storage of cotton. A bond shall not be required for a person who is licensed and bonded under the U.S. Warehouse Act.\n(c)\tThe registration certificate shall be conspicuously displayed at the place of business. (1999-412, s. 1.)","path":["Chapter 106. Agriculture.","Article 38B. Cotton Gins, Warehouses, Merchants."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_106/GS_106-451.42.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:16:07Z","sha256":"c19044ca7d6b8b9cab4d969da0af884a411a8e1778ddcac315966fd128c681fc","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-106-451.41","next":"us-nc/n.c.-gen.-stat.-106-451.43"},"notice":"GroundRules: Original legal text. Not legal advice."}