(3) Where the holder of an elevator receipt issued by the operator of a licensed primar
y elevator fails to take delivery of the grain referred to in a notice given pursuant to subsection (1) within a period for taking
delivery set out in the notice, whether or not the notice has been brought to the attention of the holder, and the holder or a subsequent holder later requests
delivery of the grain referred to in the receipt, the operator of the elevator may, at the option of the operator, on surrender of the elevator receipt and payment of all charges accruing under this Act t
...[+++]o the day on which the receipt is surrendered,