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 § 40-15-7

Title 40ANIMALS AND LIVESTOCK

Ch. 40-14LIVESTOCK AUCTION AGENCIES

This text of South Dakota § 40-15-7 (Factors considered in determining whether to issue license.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 40-15-7 (2026).

Text

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

Free access — add to your briefcase to read the full text and ask questions with AI

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.