7 U.S.C. § 208 — Unreasonable or discriminatory practices generally; rights of stockyard owner of management and regulation

submitted 105 years ago by ch. 64 to r/title-7-AGRICULTURE · 145 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law requires stockyard owners and market agencies to keep their rules and practices fair and free of discrimination. It also protects an owner's right to manage the stockyard so the market stays competitive.

(a) Every stockyard owner and market agency must create, follow, and enforce rules and practices for stockyard services that are just, reasonable, and don't discriminate against anyone. Any rule or practice that is unjust, unreasonable, or discriminatory is against the law. (b) At the same time, every stockyard owner has both the right and the responsibility to manage and regulate their own stockyard, as long as they do it fairly and without discrimination. An owner can make rules requiring anyone buying, selling, or trying to buy or sell livestock there to run their business in a way that keeps the market efficient and competitive. But these rules cannot stop a registered market agency or dealer from also doing business at other markets, or from making occasional, one-off sales away from the stockyard.

the actual law source: uscode.house.gov ↗public domain

(a)

It shall be the duty of every stockyard owner and market agency to establish, observe, and enforce just, reasonable, and nondiscriminatory regulations and practices in respect to the furnishing of stockyard services, and every unjust, unreasonable, or discriminatory regulation or practice is prohibited and declared to be unlawful.

(b)

It shall be the responsibility and right of every stockyard owner to manage and regulate his stockyard in a just, reasonable, and nondiscriminatory manner, to prescribe rules and regulations and to require those persons engaging in or attempting to engage in the purchase, sale, or solicitation of livestock at such stockyard to conduct their operations in a manner which will foster, preserve, or insure an efficient, competitive public market. Such rules and regulations shall not prevent a registered market agency or dealer from rendering service on other markets or in occasional and incidental off-market transactions.

Source credit: (Aug. 15, 1921, ch. 64, title III, § 307, 42 Stat. 165; Pub. L. 90–446, § 1(d), July 31, 1968, 82 Stat. 475.)

history & why it existsrecord from the source credit

1921Enacted · Act of Aug. 15, 1921, ch. 64 · 42 Stat. 165
1968Amended · Pub. L. 90-446 · 82 Stat. 475

A history note hasn’t been published yet. The record shows enactment by ch. 64 on 1921-08-15.

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