---
kind: "section"
citation: "7 C.F.R. § 1423.4"
title: "7"
number: "1423.4"
heading: "General requirements."
url: "https://uscodex.org/cfr/7/1423.4"
---

# §1423.4. General requirements.

- (a) Unless otherwise provided in this part, approved warehouse operators must maintain a current and valid license for the kind of storage operation for which the warehouse operator seeks approval if such a license is required by State or local laws or regulations and maintain accurate and complete inventory and operating records.
- (b) Approved warehouse operators may only use pre-numbered warehouse receipts, or pre-assigned ranges of numbers for electronic warehouse receipts as set forth in the agreement, and may only use pre-numbered scale tickets, if applicable, as CCC may approve.
- (c) **In addition, the warehouse operator must—**
  - (1) Be in compliance with state and local laws regarding fire safety;
  - (2) **Furnish a copy of any written lease agreement to CCC with the application.** All leases are subject to CCC approval; and
  - (3) Have sufficient employees and management with technical qualifications and skills in the warehousing business regarding the commodities subject to the agreement.
- (d) Unless otherwise provided in this part, each approved warehouse shall:
  - (1) Be maintained under the control of the warehouse operator;
  - (2) Be maintained in a good state of repair; and
  - (3) **Maintain adequate equipment to receive, handle, store, preserve and deliver the applicable commodity.**

## Notes

### Authority

Authority: 15 U.S.C. 714b and 714c.

### Source

Source: 71 FR 35773, June 22, 2006, unless otherwise noted.