If you are engaged engaged as a public grain warehouseman in Oklahoma you are required under Title 2, Section 9-21 et. seq. of the O.S.S to file an Oklahoma Public Grain Warehouseman Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oklahoma Public Grain Warehouseman Bond holds you accountable for your business decisions.
By possessing an Oklahoma Public Grain Warehouseman Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.