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U.S. Code, Title 7, Agriculture
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 204. Bond and Suspension of Registrants
On and after July 12, 1943, the Secretary may require reasonable bonds from every market agency (as defined in this subchapter), every packer (as defined in subchapter II of this chapter) in connection with its livestock purchasing operations (except that those packers whose average annual purchases do not exceed $500,000 will be exempt from the provisions of this paragraph), and every other person operating as a dealer (as defined in this subchapter) under such rules and regulations as he may prescribe, to secure the performance of their obligations, and whenever, after due notice and hearing, the Secretary finds any registrant is insolvent or has violated any provisions of this chapter he may issue an order suspending such registrant for a reasonable specified period. Such order of suspension shall take effect within not less than five days, unless suspended or modified or set aside by the Secretary or a court of competent jurisdiction. If the Secretary finds any packer is insolvent, he may after notice and hearing issue an order under the provisions of section 193 of this title requiring such packer to cease and desist from purchasing livestock while insolvent, or while insolvent purchasing livestock except under such conditions as the Secretary may prescribe to effectuate the purposes of this chapter.
(July 12, 1943, ch. 215, 57 Stat. 422; Pub. L. 94–410, §§ 1, 4, Sept. 13, 1976, 90 Stat. 1249.)
Codification
Section was enacted as part of the Department of Agriculture Appropriation Act, 1944, act July 12, 1943, and not as part of the Packers and Stockyards Act which comprises this chapter.
1976—Pub. L. 94–410 inserted provisions exempting market agencies and packers whose average annual purchases do not exceed $500,000 from bonding requirement and authorizing Secretary, after notice and hearing, to issue cease and desist orders to insolvent packers prohibiting the purchase of livestock except under conditions prescribed by Secretary, respectively.
Provisions similar to those in this section were contained in the following prior appropriation acts:
July 22, 1942, ch. 516, 56 Stat. 689.
July 1, 1941, ch. 267, 55 Stat. 432.
June 25, 1940, ch. 421, 54 Stat. 557.
June 30, 1939, ch. 253, title I, 53 Stat. 970.
June 16, 1938, ch. 464, title I, 52 Stat. 721.
June 29, 1937, ch. 404, 50 Stat. 406.
June 4, 1936, ch. 489, 49 Stat. 1432.
May 17, 1935, ch. 131, title I, 49 Stat. 257.
Mar. 26, 1934, ch. 89, 48 Stat. 477.
Mar. 3, 1933, ch. 203, 47 Stat. 1441.
July 7, 1932, ch. 443, 47 Stat. 620.
Feb. 23, 1931, ch. 278, 46 Stat. 1252.
May 27, 1930, ch. 341, 46 Stat. 402.
Feb. 16, 1929, ch. 227, 45 Stat. 1198.
May 16, 1928, ch. 572, 45 Stat. 547.
Jan. 18, 1927, ch. 39, 44 Stat. 1002.
May 11, 1926, ch. 286, 44 Stat. 527.
Feb. 10, 1925, ch. 200, 43 Stat. 851.
June 5, 1924, ch. 266, 43 Stat. 460.
Section Referred to in Other Sections
This section is referred to in section 228c of this title; title 11 section 525.
Contents:
Chicago:
"U.S. Congress, Office of the Law Revision Counsel", "§ 204. Bond and Suspension of Registrants," U.S. Code, Title 7, Agriculture in U.S. Code, Title 7, Agriculture (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed July 12, 2025, http://www.originalsources.com/Document.aspx?DocID=94769EE3GY1HKZT.
MLA:
"U.S. Congress, Office of the Law Revision Counsel". "§ 204. Bond and Suspension of Registrants." U.S. Code, Title 7, Agriculture, in U.S. Code, Title 7, Agriculture, Washington, D.C., Government Printing Office, 2002, Original Sources. 12 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=94769EE3GY1HKZT.
Harvard:
"U.S. Congress, Office of the Law Revision Counsel", '§ 204. Bond and Suspension of Registrants' in U.S. Code, Title 7, Agriculture. cited in 2002, U.S. Code, Title 7, Agriculture, Government Printing Office, Washington, D.C.. Original Sources, retrieved 12 July 2025, from http://www.originalsources.com/Document.aspx?DocID=94769EE3GY1HKZT.
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