| (1) |
Terms Used In Utah Code 4-30-105- Agriculture: means the science and art of the production of plants and animals useful to man, including the preparation of plants and animals for human use and disposal by marketing or otherwise. See Utah Code 4-1-109
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Commissioner: means the commissioner of agriculture and food. See Utah Code 4-1-109
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Agriculture and Food created in Chapter 2, Administration. See Utah Code 4-1-109
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Livestock: means cattle, sheep, goats, swine, horses, mules, poultry, domesticated elk as defined in Section 4-39-102, or any other domestic animal or domestic furbearer raised or kept for profit. See Utah Code 4-1-109
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means a natural person or individual, corporation, organization, or other legal entity. See Utah Code 4-1-109
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
| (a) |
No person may operate a livestock market in this state without a license issued by the department. |
| (b) |
Application for a license shall be made to the department upon forms prescribed and furnished by the department, and the application shall specify:
| (i) |
if the applicant is an individual, the name, address, and date of birth of the applicant; or |
| (ii) |
if the applicant is a partnership, corporation, or association, the name, address, and date of birth of each person who has a financial interest in the applicant and the amount of each person’s interest; |
| (iii) |
a certified statement of the financial assets and liabilities of the applicant detailing:
| (C) |
long-term assets; and |
| (D) |
long-term liabilities; |
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| (iv) |
a legal description of the property where the market is proposed to be located, the property’s street address, and a description of the facilities proposed to be used in connection with the property; |
| (v) |
a schedule of the charges or fees the applicant proposes to charge for each service rendered; and |
| (vi) |
a detailed statement of the trade area proposed to be served by the applicant, the potential benefits which will be derived by the livestock industry, and the specific services the applicant intends to render at the livestock market. |
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