§ 204. Bond and suspension of registrants

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On and after July 12, 1943, the Secretary may require reasonable bonds from every market agency (as defined in this subchapter), every packer (as defined in subchapter II of this chapter) in connection with its livestock purchasing operations (except that those packers whose average annual purchases do not exceed $500,000 will be exempt from the provisions of this paragraph), and every other person operating as a dealer (as defined in this subchapter) under such rules and regulations as he may prescribe, to secure the performance of their obligations, and whenever, after due notice and hearing, the Secretary finds any registrant is insolvent or has violated any provisions of this chapter he may issue an order suspending such registrant for a reasonable specified period.

Such order of suspension shall take effect within not less than five days, unless suspended or modified or set aside by the Secretary or a court of competent jurisdiction. If the Secretary finds any packer is insolvent, he may after notice and hearing issue an order under the provisions of section 193 of this title requiring such packer to cease and desist from purchasing livestock while insolvent, or while insolvent purchasing livestock except under such conditions as the Secretary may prescribe to effectuate the purposes of this chapter.

(July 12, 1943, ch. 215, 57 Stat. 422; Pub. L. 94–410, §§ 1, 4, Sept. 13, 1976, 90 Stat. 1249.)

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U.S. Code

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Sec. 414
**[**[7 U.S.C. 228c](/us/usc/t7/s228c)**]**

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U.S. Code

Procedure before Secretary for violations
§ 193

42 references not yet in our index

July 12, 1943, ch. 215
57 Stat. 422
Pub. L. 94–410
90 Stat. 1249
July 22, 1942, ch. 516
56 Stat. 689
July 1, 1941, ch. 267
55 Stat. 432
June 25, 1940, ch. 421
54 Stat. 557
June 30, 1939, ch. 253
53 Stat. 970
June 16, 1938, ch. 464
52 Stat. 721
June 29, 1937, ch. 404
50 Stat. 406
June 4, 1936, ch. 489
49 Stat. 1432
May 17, 1935, ch. 131
49 Stat. 257
Mar. 26, 1934, ch. 89
48 Stat. 477
Mar. 3, 1933, ch. 203
47 Stat. 1441
July 7, 1932, ch. 443
47 Stat. 620
Feb. 23, 1931, ch. 278
46 Stat. 1252
May 27, 1930, ch. 341
46 Stat. 402
Feb. 16, 1929, ch. 227
45 Stat. 1198
May 16, 1928, ch. 572
45 Stat. 547
Jan. 18, 1927, ch. 39
44 Stat. 1002
May 11, 1926, ch. 286
44 Stat. 527
Feb. 10, 1925, ch. 200
43 Stat. 851

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§ 204

Bond and suspension of registrants

Stat.×5

U.S.C.×5

Fed. Reg.×2

Stat. Comp.×1

U.S.C.§ 193

ActJuly 12, 1943, ch. 215

Stat.57 Stat. 422

Pub. L.Pub. L. 94–410

Stat.90 Stat. 1249

ActJuly 22, 1942, ch. 516

Cites 43 · showing 6Cited by 13 across 4 sources