4-30-7 - Transfer of livestock market license permitted -- Conditions.
4-30-7. Transfer of livestock market license permitted -- Conditions.
(1) No livestock market license is transferable to another person without the priorapproval of the commissioner.
(2) A change in the membership of a partnership or association, or the sale or transfer of a25% or greater interest in the stock ownership of a corporate livestock market shall be considereda transfer of the livestock market license and is subject to the requirements of this section.
(3) Application to allow transfer of a livestock market license shall be made to thedepartment on a form prescribed and furnished by it.
(4) The commissioner may grant a transfer of the license:
(a) if the proposed transferee meets all the requirements specified for an original licensein Section 4-30-4; and
(b) based on the criteria specified in Section 4-30-6.
Amended by Chapter 298, 1999 General Session