The failure of a first purchaser licensee to timely collect and submit assessments required by Section 75-46-11 shall be basis for the commissioner to revoke a license issued to the licensee under Sections 75-44-23 and 75-45-309.
Revocation of license
Miss. Code Ann. § 75-46-29, under Mississippi Grain Indemnity Act.
Miss. Code Ann. § 75-46-29