N.D. Cent. Code § 4.1-27-07

This is the official text of N.D. Cent. Code § 4.1-27-07, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.

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4.1-27-07. Investigation of auction market - Hearing to determine whether license should be issued or revoked

Official statutory text

4.1-27-07. Investigation of auction market - Hearing to determine whether license

should be issued or revoked.

1. The commissioner, upon the commissioner's own motion or upon a complaint by any

person, may enter an investigation of the sales and transactions of any livestock

auction market and of the conditions under which the business of the livestock auction

market is conducted. The commissioner may conduct a hearing to determine whether

the license of any auction market should be revoked or whether the application of the

owner or operator of a livestock auction market for an original or renewal license

should be denied.

2. The commissioner shall conduct an investigation of an alleged violation of this chapter

when:

a. A complaint, allegation, or order to show cause, alleging an act which would

constitute a violation of this chapter, is filed by the packers and stockyards

administration of the United States;

b. The commissioner has information sufficient to form a reasonable belief that a

violation of this chapter has occurred; or

c. The commissioner has received a sworn statement, affidavit, or other evidence

from any person alleging a violation of this chapter.

3. The commissioner shall conduct a hearing to determine whether a violation has

occurred when, pursuant to an investigation, probable cause exists that a violation of

this chapter has occurred.

4. The commissioner shall conduct an audit, or cause an audit to be conducted, when

probable cause exists that any livestock auction market has violated any of the

financial provisions of this chapter, when it reasonably appears that the liabilities of the

livestock auction market exceed its assets, or when the auction market has refused to

pay a proper claim without reasonable cause.

Status: in_force · Read it on the official government site

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