[Code of Federal Regulations]
[Title 7, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR46.3]

[Page 260]
 
                          TITLE 7--AGRICULTURE
 
                        DEPARTMENT OF AGRICULTURE
 
PART 46_REGULATIONS (OTHER THAN RULES OF PRACTICE) UNDER THE 
PERISHABLE AGRICULTURAL COMMODITIES ACT, 1930--Table of Contents
 
Sec. 46.3  License required.

    (a) No person shall at any time carry on the business of a 
commission merchant, dealer, or broker without a license which is valid 
and effective at such time.
    (b) Separate licenses are required for each person. More than one 
trade name may be used by the same person only after such trade names 
have been approved in writing by the Director.
    (c) Joint account arrangements between two or more licensees are not 
considered to result in separate firms and, therefore, do not require 
separate licenses.