ATCP 97.06(2)(a)(a) The secretary may issue a summary order suspending a public warehouse keeper’s license without prior notice or hearing if the secretary determines that any of the following conditions exists: ATCP 97.06(2)(a)3.3. The security filed by the public warehouse keeper has been canceled without adequate prior notice to the department under s. ATCP 97.08. ATCP 97.06(2)(a)4.4. The public warehouse keeper has failed to file satisfactory security to replace a canceled surety bond before the effective date of the cancellation. ATCP 97.06(2)(a)5.5. The public warehouse keeper has failed to file satisfactory security to replace an expiring letter of credit at least 31 days before that letter of credit expires. ATCP 97.06(2)(a)6.6. The public warehouse keeper has failed to file satisfactory security to replace a canceled or expired insurance policy before the effective date of the cancellation or expiration. ATCP 97.06(2)(a)7.7. There is an imminent threat of substantial harm to stored property because the public warehouse keeper’s warehouse is unsuitable for storing that type of property, or because the public warehouse keeper is not adequately protecting stored property from loss or damage. ATCP 97.06(2)(b)(b) A summary order under this par. (a) shall set forth the specific basis for the order. ATCP 97.06 NoteNote: A person adversely affected by a summary suspension is entitled to a prompt informal hearing and a full evidentiary hearing upon request, as provided under s. ATCP 1.03 (3). ATCP 97.06 HistoryHistory: Cr. Register, June, 1994, No. 462, eff. 7-1-94. ATCP 97.08(1)(1) Requirement. Every public warehouse keeper shall maintain on file with the department security that complies with this section. ATCP 97.08(2)(2) Form of security. Security filed with the department under this section is subject to approval by the department. Security shall be in one or more of the following forms: ATCP 97.08(2)(a)(a) Continuous surety bond. A continuous surety bond that is all of the following: ATCP 97.08(2)(a)1.1. Made payable to the department for the benefit of owners of stored property or their assignees. ATCP 97.08(2)(a)2.2. Endorsed by a surety company authorized to do business in this state. ATCP 97.08(2)(a)3.3. In a form approved by the department containing all of the terms and conditions required by the department. ATCP 97.08(2)(a)4.4. Continuing, and subject to cancellation by the surety company only upon 30 days written notice to the department served in person or by certified mail. ATCP 97.08(2)(b)(b) Personal surety bond supported by other security. Personal surety bonds or other third party guarantees that are supported by one of the following forms of security held by the department under subs. (4) and (6): ATCP 97.08(2)(b)4.c.c. Made payable to the department for the benefit of owners of stored property or their assignees. ATCP 97.08(2)(b)4.d.d. In a form approved by the department, written on bank letterhead and containing all the terms and conditions required by the department. ATCP 97.08(2)(b)4.e.e. Continuing, and subject to non-renewal by the issuing bank only upon 90 days prior written notice to the department served in person or by certified mail. ATCP 97.08(2)(c)(c) Liability insurance policy. An original or certified copy of a legal liability insurance policy that is all of the following: ATCP 97.08(2)(c)1.1. Payable to the department for the benefit of owners of stored property or their assignees. ATCP 97.08(2)(c)2.2. In a form approved by the department containing all of the terms and conditions required by the department. ATCP 97.08(2)(c)3.3. Subject to cancellation or non-renewal by the insurer only upon 30 days written notice to the department served in person or by certified mail. ATCP 97.08(2)(d)(d) Wearing apparel; insurance policy. If a public warehouse keeper stores only wearing apparel, an original or certified copy of an insurance policy that protects the owners of that wearing apparel against loss or damage by fire, wind, water or theft. The insurance policy shall comply with all of the following: ATCP 97.08(2)(d)1.1. The insurance policy shall name the department as an additional insured party for the benefit of owners of stored property. ATCP 97.08(2)(d)2.2. The insurance policy shall be in a form that is acceptable to the department. ATCP 97.08(2)(d)3.3. The insurance policy shall be continuing, and subject to cancellation or nonrenewal by the insurer only upon 30 days prior written notice to the department served in person or by certified mail. ATCP 97.08(3)(3) Insurance policies; deductible clause. In an insurance policy filed as security under sub. (2) (c) or (d), the insurer’s liability to the owners of stored property or their assignees shall not be subject to any deductible. This does not prohibit a deductible agreement between a public warehouse keeper and an insurer under which the public warehouse keeper agrees to reimburse the insurer for a portion of any claim paid by the insurer. ATCP 97.08(4)(4) Department custody of security. The department or the department’s agent shall maintain custody of all security filed by a public warehouse keeper under this section. ATCP 97.08(5)(5) Amount of security. Security filed under this section shall be in an aggregate amount not less than the following: ATCP 97.08(6)(6) Release of security. Security filed under sub. (2) (b) shall remain in effect and may not be released by the department until one of the following occurs: ATCP 97.08(6)(a)(a) A period of 180 days elapses after the public warehouse keeper gives written notice to the department that the warehouse keeper is no longer engaged in the business of storage for hire. ATCP 97.08(6)(b)(b) A period of 180 days elapses after the public warehouse keeper’s license expires or is revoked. ATCP 97.08(6)(c)(c) The department determines that the public warehouse keeper is no longer storing property for hire, and that all claims of persons storing property at the warehouse have been satisfied. ATCP 97.08 HistoryHistory: Cr. Register, June, 1994, No. 462, eff. 7-1-94. ATCP 97.10ATCP 97.10 Warehouse facilities and operations. ATCP 97.10(1)(1) Every public warehouse shall be suitable for the type of storage operation conducted at that warehouse. Public warehouse facilities shall be maintained and operated in a manner which will reasonably protect stored property against loss or damage. A public warehouse used for the storage of food shall comply with the requirements of ch. 97, Stats., and ch. ATCP 71. ATCP 97.10(2)(2) A public warehouse keeper is subject to the standards and duties of care specified under s. 407.204 (1), Stats., this chapter, and law related to the storage of property for hire, including law related to the issuance of warehouse receipts, the maintenance of warehouse receipt registers, and the enforcement of warehouse keepers’ liens. ATCP 97.10 NoteNote: The department may deny, suspend, revoke or impose conditions on a public warehouse keeper’s license for cause, including a violation of this section. See s. 93.06 (7) and (8), Stats., and ss. ATCP 97.04 and 97.06. ATCP 97.10 HistoryHistory: Cr. Register, June, 1994, No. 462, eff. 7-1-94. ATCP 97.12ATCP 97.12 Disclosure requirements; receipts. ATCP 97.12(1)(1) Sign posted. Every public warehouse keeper shall keep posted, at the main outside entrance of each public warehouse operated by that warehouse keeper, a conspicuous sign which clearly states the name of the warehouse keeper and identifies that warehouse as a public warehouse. ATCP 97.12(2)(2) Notice of liability limits. Before a public warehouse keeper contracts to store noncommercial personal, recreational, family or household goods for any person, the warehouse keeper shall notify that person of any limit on the warehouse keeper’s liability for loss or damage to property in storage, and of that person’s responsibility to provide additional coverage if desired. ATCP 97.12(3)(3) Receipts. Whenever a public warehouse keeper receives property from any person for storage, the public warehouse keeper shall issue to that person a warehouse or storage receipt for that property. The receipt shall clearly identify the property which the public warehouse keeper has received from that person, the location of the warehouse where the property will be stored, the terms and conditions of storage, and the date on which the receipt is issued. A public warehouse keeper may use standard warehouse or storage receipt forms that are accepted in the warehousing industry, provided that those forms comply with chs. 401 to 411, Stats., and this chapter. ATCP 97.12 NoteNote: See specific requirements for warehouse receipts under s. 407.202 (2), Stats. ATCP 97.12 HistoryHistory: Cr. Register, June, 1994, No. 462, eff. 7-1-94. ATCP 97.14ATCP 97.14 Records. A public warehouse keeper shall keep a record of all property received for storage, and of all warehouse or storage receipts issued. Records shall include the warehouse or storage receipt number, a description of the property received for storage, the date on which the property was received for storage, and the date on which the property was withdrawn from storage. Persons holding an interest in stored property may, at any reasonable time, inspect the warehouse keeper’s records related to that property. ATCP 97.14 HistoryHistory: Cr. Register, June, 1994, No. 462, eff. 7-1-94. ATCP 97.16ATCP 97.16 Inspection. The department may inspect public warehouses as necessary to secure compliance with this chapter. For purposes of inspection and enforcement, the department may enter a public warehouse and inspect all records which the public warehouse keeper is required to keep under s. ATCP 97.14. ATCP 97.16 HistoryHistory: Cr. Register, June, 1994, No. 462, eff. 7-1-94.
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administrativecode
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Department of Agriculture, Trade and Consumer Protection (ATCP)
Chs. ATCP 90-139; Trade and Consumer Protection
administrativecode/ATCP 97.08(2)(b)4.e.
administrativecode/ATCP 97.08(2)(b)4.e.
section
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