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Title 7 — Agriculture

Chapter 20A — Perishable Agricultural Commodities

§ 499i. Accounts, records, and memoranda; duty of licensees to keep; contents; suspension of license for violation of duty

Statutory text

Every commission merchant, dealer, and broker shall keep such accounts, records, and memoranda as fully and correctly disclose all transactions involved in his business, including the true ownership of such business by stockholding or otherwise. If such accounts, records, and memoranda are not so kept, the Secretary may publish the facts and circumstances and/or, by order, suspend the license of the offender for a period not to exceed ninety days.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Pub. L. 71–436 § 9 · 46 Stat. 531

    Enacted · 7 U.S.C. § 499i

    (June 10, 1930, ch. 436, § 9, 46 Stat. 535.)

    Source evidence

    Code source credit
    (June 10, 1930, ch. 436, § 9, 46 Stat. 535.)

    Enacted provision · exact public law section
    Sec. 9. accounts and records Every commission merchant, dealer, and broker shall keep Dealers, etc., to keep, of transactions. such accounts, records, and memoranda as fully and correctly disclose all transactions involved in his business, including the true ownership of such business by stockholding or otherwise. If such Penalties for non-compliance. accounts, records, and memoranda are not so kept, the Secretary may publish the facts and circumstances and/or, by order, suspend the license of the offender for a period not to exceed ninety days.

1 of 1 references resolved to an enrolled provision

Editorial Notes

Codification

Section was formerly classified to section 559 of this title.

Credits

(June 10, 1930, ch. 436, § 9, 46 Stat. 535.)

Parsed from the official OLRC USLM XML in data/usc_all/usc07.xml · release point 119-108 · OLRC build 2026-09-09

USLM identifier /us/usc/t7/s499i