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.