Unauthorized Sale of Grain and Replacement of Non-company-owned Grain Sample Clauses

Unauthorized Sale of Grain and Replacement of Non-company-owned Grain. Warehouse operators are not entitled to unjust enrichment from the sale of CCC-interest grain. Such actions may be subject to prosecution. If CCC determines that a warehouse operator has received profits from the sale and replacement of grain not owned by the warehouse, the warehouse operator must pay CCC a pro rata share of those profits attributed to the amount of CCC-interest grain in store. The amount of this profit will be determined by using a first-out first-in basis. The profit will be calculated by comparing the price at which the CCC-interest grain was sold versus the price of the replacement grain based on CCC’s pro-rata share. Any losses incurred by the warehouse operator due to the sale and replacement of grain not owned by the warehouse is for the account of the warehouse operator and will not be offset against profits to be paid to CCC.
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