40-15-32.2. Board authorized to assume control of funds when agency's license revoked.

If a livestock auction agency's license is relinquished, revoked, or suspended by the Animal Industry Board, subject to applicable federal law, the Animal Industry Board may assume control of any account and funds described in § 40-15-31, including collection of any deposit items, identification and processing of claims to the funds, and payment of valid claims from the available funds.

Source: SL 2002, ch 191, § 3.