40-15-3. Application for auction agency license--Contents.

All applications for a license to operate a livestock auction agency shall be made in writing to the Animal Industry Board in the form prescribed by the board and shall contain:

(1)    The name and addresses of the applicant and all persons having any financial interest in the application and the amount of such interest;

(2)    Financial responsibility of the applicant in the form of a statement of assets and liabilities;

(3)    A legal description of the property and its location together with a description of the facilities proposed to be used in the operation of such livestock auction agency;

(4)    A statement of the facts upon which the applicant relies, the benefits to be derived by the livestock industry and the services proposed to be rendered regularly through the year;

(5)    Applicant's experience in the livestock industry including any past operation of a livestock auction agency.

Source: SDC 1939, § 40.2002 as added by SL 1961, ch 204, § 2; SL 1990, ch 325, § 239.