§ 13–212
Statutes in effect as of October 1, 2026.
Md. Code Ann., Agric. § 13-212 (2026)
Title 13. Grain
Subtitle 2. Grain Dealers Licensing
§ 13–212LinkCopy Citation
(a)
A license may not be issued or renewed under this subtitle until the applicant has:
(1)
(i)
Filed with the Secretary a financial statement, as provided in subsection (b) of this section, establishing the net worth of the applicant’s grain business; or
(ii)
Posted a surety bond, irrevocable letter of credit, or cash guaranty at least as large as the following amounts for the different types of licenses:
Type of license Minimum amounts
A $�15,000
B $35,000
C $100,000
D $100,000; and
(2)
Demonstrated proof of insurance coverage as required by this subtitle.
(b)
(1)
An applicant for a Type A or B license shall submit a financial statement that:
(i)
Is prepared and signed by a person other than the applicant or a member of the applicant’s business or family;
(ii)
Establishes a net worth for the applicant; and
(iii)
Is signed by the applicant.
(2)
A Type C or D license may not be issued or renewed under this subtitle until the applicant has:
(i)
Filed with the Secretary a financial statement reviewed by a certified public accountant establishing the net worth of the applicant’s business as provided in paragraph (3) of this subsection; or
(ii)
Filed with the Secretary a letter from a certified public accountant stating that a review of the applicant’s business records shows a net worth as provided in paragraph (3) of this subsection.
(3)
The financial statement shall indicate a minimum net worth for each type of grain dealer’s license as follows:
Type of license Minimum amounts
A $�15,000
B $35,000
C $100,000
D $100,000