Utah Admin. Code R58-7-7 - Satellite Video Livestock Market
(1)
(a) A
person may apply to the department annually, on or before January 1, for an
online production sale license to transact business as or with a satellite
video livestock market.
(b) The
application described in Subsection
R58-7-7(1)(a)
shall include:
(i) the nature of the business
for which a license is desired;
(ii) the name of the person applying for the
license;
(iii) the name and address
of the proposed satellite video livestock market or the name and address of the
satellite video livestock market the person proposes to transact business with;
and
(iv) other information the
department may require as listed in Section
4-7-106.
(2) The application for an online
product sale license or a renewal of a license shall include:
(a) a license fee set in accordance with
Section 4-30-105, determined by the
department pursuant to Subsection
4-2-103(2);
(b) evidence of proper security bonding as
required in Subsection
4-30-105(3) for
the satellite video and Section
4-7-107;
(c) a schedule of fees and commissions that
the satellite video livestock market will charge owners, sellers, or their
agents; and
(d) other information
the department may require as listed in Section
4-7-106.
(3)
(a) The
department will consider each satellite video livestock market a temporary
livestock sale unless licensed under this rule as a satellite video livestock
market.
(b) The department requires
sales operated by a representative to apply as designated in Section
R58-7-4.
(4) Any representative shall supply a copy of
each contract between the representative and the satellite video livestock
market with which the representative proposes to transact business with to the
department.
(5)
(a) The contract described in Subsection
R58-7-7(4)
shall include a provision authorizing the department to have access to the
books, papers, accounts, and financial records held by financial institutions,
accountants, or other sources.
(b)
Other documents relating to the activities of the satellite video livestock
market and requiring the satellite video livestock market shall be reasonably
available to the department.
(c) If
a representative and the satellite video livestock market terminate, rescind,
breach, or materially alter the contract described in Subsection
R58-7-7(4), the
representative and the satellite video livestock market shall immediately
notify the department.
(d) The
department shall consider it a failure to notify and a failure to keep and
maintain suitable records and be a false entry or statement of fact in the
application filed with the department, pursuant to Section
4-7-201.
Notes
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