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1. Engaging in the business of receiving commodities for storage without the proper
license (Sec. 11) from the Bureau of Commerce;
Note: for palay and commodity license, a bond with the National Grains Authority is
required; also an insurance cover is required.
2. Receiving a quantity of commodity greater than that specified in the license of the warehouseman (Sec. 12);
3. Conniving or entering into a combination with an unlicensed warehouseman for the purpose of avoiding compliance with the requirement of obtaining a license before engaging in the business of receiving
commodities for storage (Sec. 13).
license (Sec. 11) from the Bureau of Commerce;
Note: for palay and commodity license, a bond with the National Grains Authority is
required; also an insurance cover is required.
2. Receiving a quantity of commodity greater than that specified in the license of the warehouseman (Sec. 12);
3. Conniving or entering into a combination with an unlicensed warehouseman for the purpose of avoiding compliance with the requirement of obtaining a license before engaging in the business of receiving
commodities for storage (Sec. 13).
