When the director receives notice from a state with which Missouri has a cooperative agreement under sections 276.401 to 276.581 of the imposition of a final judgment in a civil action, criminal conviction, or final administrative action for an act by a grain dealer licensed in this state, which, if committed in this state would constitute a violation of sections 276.401 to 276.581 , he is authorized to initiate such proceedings as he may deem appropriate under sections 276.401 to 276.581 , either administrative or judicial, to suspend or revoke the grain dealer's license or to enjoin such grain dealer from operating in this state.
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