Nebraska § 54-1163 Hearing; determination;
factors; issuance of license

Nebraska Statutes

§ 54-1163 — Hearing; determination; factors; issuance of license

Nebraska § 54-1163

Ch. 54Livestock

This text of Nebraska § 54-1163 (Hearing; determination; factors; issuance of license) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 54-1163 (2026).

Text

The hearing required by section 54-1162 shall be heard by the director. If the director determines, after such hearing, that the proposed livestock auction market would beneficially serve the livestock economy, the department shall issue a market license to the applicant. In determining whether or not the application should be granted or denied, reasonable consideration shall be given to:

(1)The ability of the applicant to comply with the federal Packers and Stockyards Act, 1921, 7 U.S.C. 181 et seq., as amended;

(2)The financial stability, business integrity, and fiduciary responsibility of the applicant;

(3)The adequacy of the facilities described to permit the performance of market services proposed in the application;

(4)The present needs for market services or additional service

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The hearing required
by section 54-1162 shall be heard by the director. If the director determines, after such hearing,
that the proposed livestock auction market would beneficially serve the livestock
economy, the department shall issue a market license to the applicant. In
determining whether or not the application should be granted or denied, reasonable
consideration shall be given to:
(1) The ability of the applicant to comply with the federal
Packers and Stockyards Act, 1921, 7 U.S.C. 181 et seq., as amended;
(2) The financial stability, business integrity, and fiduciary
responsibility of the applicant;
(3) The adequacy of the facilities described to permit the
performance of market services proposed in the application;
(4) The present needs for market services or additional services
as expressed by livestock growers and feeders in the community; and
(5) Whether the proposed livestock auction market would be
permanent and continuous.

Legislative History

Source: Laws 1963, c. 319, § 7, p. 965; Laws 1999, LB 778, § 66; Laws 2013, LB78, § 4; Laws 2014, LB884, § 25. Annotations: Determination of Livestock Auction Board that license should be issued will not be disturbed if there is any evidence to support it. Midwest L. C. Co. v. Tri-State L. C. Co., 182 Neb. 41, 151 N.W.2d 908 (1967).