All bonds shall be payable to the state for the benefit of any injured party, and shall be in such form and contain such additional conditions as the director may prescribe. Any person injured by the warehouseman's breach of any obligation provided by law may sue on the bond in his own name in any court of competent jurisdiction to recover the damage sustained by the breach. The director upon his own motion or upon verified complaint against any warehouseman shall investigate as he deems necessary, and shall at all times have free and unimpeded access to all facilities or places in which grain is kept, stored, handled or transported. If the director, upon investigation, has reason to believe that any dealer is not acting as required by law, or upon the filing of a verified complaint against the warehouseman, he shall have a complaint or copy of the verified complaint served upon the warehouseman by personal service or by registered mail. If the warehouseman fails to make prompt adjustment or settlement of the charges set forth, to the satisfaction of the director, the director shall give notice of the time and place of a hearing thereon.
Warehouse receipts generally.
All warehouse receipts issued for stored grain shall be in a form prescribed by the director and shall be obtainable only by the warehouseman from the director at cost. Each warehouse receipt issued must show the amount of any cash or the value of any merchandise the warehouseman has advanced on the grain represented by the receipt, but such notation shall not be construed as fixing the date of sale of the grain. At least once each year and more often if necessary or if requested by an interested person the director shall inspect each licensed warehouse and shall audit the warehouseman's records. However, no audit shall be performed if the warehouseman certifies that he does not have any grain stored for others in his warehouse. The director after conferring with interested industry groups shall fix, assess and collect fees for the inspection of facilities storing farm products.