40-15A-10. Grounds for revocation or refusal of license.

The Animal Industry Board shall revoke or refuse to issue or renew a license if the applicant:

(1)    Has not filed or maintained a surety bond in the form and amount required under the provisions of § 40-15A-5; or

(2)    Has not satisfactorily demonstrated that his current assets exceed his current liabilities; or

(3)    Has been found by the board to have failed to pay without reasonable cause obligations incurred in connection with livestock transactions; or

(4)    Has violated the livestock laws or rules of this state or the laws of the United States; or

(5)    Has made false or misleading statements knowingly made as to the health or physical condition of the animals or practiced fraud or misrepresentation in connection with the buying or receiving of animals or the selling, exchanging, soliciting, or negotiating the sale of livestock or the weighing of such animals; or

(6)    Has failed to keep and maintain suitable records, which disclose all purchases and sales of livestock or refused, during reasonable time, to allow the board to inspect and to copy any records relating to his business;

(7)    Has been suspended by the order of the secretary of agriculture of the United States Department of Agriculture under provisions of the "Packers and Stockyards Act, 1921," adopted August 15, 1921, as amended and codified at 7 U.S.C. Chapter 9; or

(8)    Has failed to comply with any lawful order of the board.

Source: SL 1972, ch 221, § 8; SL 1990, ch 325, § 287.