| (1) |
No livestock market license is transferable to another person without the prior approval of the commissioner. |
Terms Used In Utah Code 4-30-108
- Commissioner: means the commissioner of agriculture and food. See Utah Code 4-1-109
- Department: means the Department of Agriculture and Food created in Chapter 2, Administration. See Utah Code 4-1-109
- 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
| (2) |
A change in the membership of a partnership or association, or the sale or transfer of a 25% or greater interest in the stock ownership of a corporate livestock market shall be considered a transfer of the livestock market license and is subject to the requirements of this section. |
| (3) |
Application to allow transfer of a livestock market license shall be made to the department on a form prescribed and furnished by the department. |
| (4) |
The commissioner may grant a transfer of the license:
| (a) |
if the proposed transferee meets all the requirements specified for an original license in Section 4-30-105; and |
| (b) |
based on the criteria specified in Section 4-30-107. |
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Renumbered and Amended by Chapter 345, 2017 General Session
