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.
South Dakota Legal Code