South Dakota § 40-15-7 - Factors considered in determining whether to issue license.
Full text of South Dakota South Dakota Codified Laws § 40-15-7 — Factors considered in determining whether to issue license., with citation guidance and answers to common questions.
§ 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.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 40-15-7
What does South Dakota Codified Laws § 40-15-7 cover?
Section 40-15-7 ("Factors considered in determining whether to issue license.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 40-15-7?
A common citation format is "South Dakota Codified Laws § 40-15-7" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 40-15-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.