[Code of Federal Regulations]

[Title 9, Volume 2]

[Revised as of January 1, 2006]

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]