2017 Nebraska Revised Statutes
Chapter 54 - LIVESTOCK
54-1163 Hearing; determination; factors; issuance of license.
54-1163. Hearing; determination; factors; issuance of license.
The hearing required by section 54-1162 shall be heard by the director. If the director determines, after such hearing, that the proposed livestock auction market would beneficially serve the livestock economy, the department shall issue a market license to the applicant. In determining whether or not the application should be granted or denied, reasonable consideration shall be given to:
(1) The ability of the applicant to comply with the federal Packers and Stockyards Act, 1921, 7 U.S.C. 181 et seq., as amended;
(2) The financial stability, business integrity, and fiduciary responsibility of the applicant;
(3) The adequacy of the facilities described to permit the performance of market services proposed in the application;
(4) The present needs for market services or additional services as expressed by livestock growers and feeders in the community; and
(5) Whether the proposed livestock auction market would be permanent and continuous.
Source
- Laws 1963, c. 319, § 7, p. 965;
- Laws 1999, LB 778, § 66;
- Laws 2013, LB78, § 4;
- Laws 2014, LB884, § 25.
Annotations
Determination of Livestock Auction Board that license should be issued will not be disturbed if there is any evidence to support it. Midwest L. C. Co. v. Tri-State L. C. Co., 182 Neb. 41, 151 N.W.2d 908 (1967).
