40-15-7.Factors considered in determining whether to issue license.
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.
Source: SDC 1939, §40.2002 as added by SL 1961, ch 204, §2; SL 1990, ch 325, §243.