South Carolina Statutes
§ 47-11-520 — Procedure for payment of livestock purchased at auction.
South Carolina·Title 47 ANIMALS, LIVESTOCK, AND POULTRY·Ch. 11 SALE, GRADING, AND INSPECTION OF LIVESTOCK
Payment for livestock purchased at auction shall be made on the same date of purchase of the livestock, and the proceeds therefrom shall be deposited by the public livestock sales establishment in a custodial account not later than the next banking day following the date of sale. Payment for livestock purchased at auction shall be made by cash, check or draft. There shall be no loans made from the custodial account of any public livestock sales establishment to any purchaser of livestock at such sales establishment.
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South Carolina § 47-11-520 (Procedure for payment of livestock purchased at auction.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 6-352; 1972 (57) 2381.
Nearby Sections
15
§ 47-11-10
Administration of article.§ 47-11-110
Establishment of slaughter assembly points.§ 47-11-130
Infected or exposed animals or poultry.§ 47-11-150
Promulgation and enforcement of regulations.§ 47-11-160
Enforcement.§ 47-11-170
Violations.§ 47-11-310
Declaration of purpose.§ 47-11-320
Definitions.