Official Code of Georgia Annotated

Title 4. ANIMALS · Chapter 6. LIVESTOCK DEALERS AND AUCTIONS · Article 3. LIVESTOCK AUCTIONS

4-6-43. Surety bond — Dealers generally.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
No dealer shall purchase livestock at any sales establishment or directly from producers unless he or she has then in force a surety in an amount established in a memorandum of agreement with the department sufficient to secure the performance of the obligations of the holder of such surety.#
(b)
This Code section shall not be applicable to nor shall a surety be required of a dealer who purchases livestock at sales establishments for cash only. No livestock market operator shall permit a dealer who is not properly licensed and holding surety to purchase livestock other than for cash.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1956, p. 501, § 3; Ga. L. 1958, p. 309, § 2; Ga. L. 1959, p. 296, § 2; Ga. L. 1970, p. 530, § 1; Ga. L. 1982, p. 1804, § 3; Ga. L. 1983, p. 1161, § 1; Ga. L. 1984, p. 22, § 4; Ga. L. 2017, p. 129, § 9/HB 49.

Amendments

The 2017 amendment, effective July 1, 2017, rewrote subsection (a); deleted former subsection (b), which read: “An amount calculated under subsection (a) of this Code section, if not a multiple of $5,000.00, shall be rounded up to the nearest multiple of $5,000.00.”; redesignated former subsection (c) as present subsection (b); and, in subsection (b), substituted “surety” for “bond” in the first sentence, and in the second sentence, substituted “dealer who is not properly licensed and holding surety” for “dealer or broker who is not properly licensed and bonded”.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t4-6-(v4)-pdf.pdf, Volume V4, 2013 edition, 2025 supplement, pages 12 to 13; merge action: replaced; file SHA-256 9d1b53199f62.

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