[Code of Federal Regulations]
[Title 9, Volume 2]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 9CFR201.61]

[Page 17]
 
                  TITLE 9--ANIMALS AND ANIMAL PRODUCTS
 
  CHAPTER II--GRAIN INSPECTION, PACKERS AND STOCKYARDS ADMINISTRATION 
       (PACKERS AND STOCKYARDS PROGRAMS),DEPARTMENT OF AGRICULTURE
 
PART 201_REGULATIONS UNDER THE PACKERS AND STOCKYARDS ACT--Table of Contents
 
Sec. 201.61  Market agencies selling or purchasing livestock on 
commission; relationships with dealers.

    (a) Market agencies selling on commission. No market agency selling 
consigned livestock shall enter into any agreement, relationship or 
association with dealers or other buyers which has a tendency to lessen 
the loyalty of the market agency to its consignors or impair the quality 
of the market agency's selling services. No market agency selling 
livestock on commission shall provide clearing services for any 
independent dealer who purchases livestock from consignment to such 
market agency without disclosing, on the account of sale to the 
consignor, the name of the buyer and the nature of the financial 
relationship between the buyer and the market agency.
    (b) Market agencies buying on commission. No market agency 
purchasing livestock on commission shall enter into any agreement, 
relationship, or association with dealers or others which will impair 
the quality of the buying services furnished to its principals. No 
market agency purchasing livestock on commission shall, in filling 
orders, purchase livestock from a dealer whose operations it clears or 
finances without disclosing the relationship between the market agency 
and dealer to its principals on the accountings furnished to the 
principals.

(Approved by the Office of Management and Budget under control number 
0580-0015)

(7 U.S.C. 228, 7 U.S.C. 222, and 15 U.S.C. 46)

[49 FR 6085, Feb. 17, 1984, as amended at 60 FR 42779, Aug. 17, 1995; 68 
FR 75388, Dec. 31, 2003]