South Dakota § 40-15-7 Factors considered in determining whether to issue license.

South Dakota Statutes

§ 40-15-7 — Factors considered in determining whether to issue license.

South Dakota·Title 40 ANIMALS AND LIVESTOCK·Ch. 40-14 LIVESTOCK AUCTION AGENCIES

In determining whether a license to operate a livestock auction agency should be granted or denied, the Animal Industry Board shall give reasonable consideration to:

(1)The ability of the applicant to comply with the Federal Packers and Stockyard Act, as amended (7 U.S.C. § 181 et seq.) and the rules of the Animal Industry Board;

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

(3)The livestock industry marketing benefits to be derived from the establishment and operation of the livestock auction agency proposed in the application;

(4)The adequacy of the facilities set forth to permit the performance of livestock agency services proposed in the application;

(5)Whether the proposed livestock auction agency would be

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In determining whether a license to operate a livestock auction agency should be granted or denied, the Animal Industry Board shall give reasonable consideration to: (1) The ability of the applicant to comply with the Federal Packers and Stockyard Act, as amended (7 U.S.C. § 181 et seq.) and the rules of the Animal Industry Board; (2) The continuing financial stability, business integrity, and fiduciary responsibility of the applicant; (3) The livestock industry marketing benefits to be derived from the establishment and operation of the livestock auction agency proposed in the application; (4) The adequacy of the facilities set forth to permit the performance of livestock agency services proposed in the application; (5) Whether the proposed livestock auction agency would be permanent and continuous.

South Dakota § 40-15-7 (Factors considered in determining whether to issue license.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.