{"data":{"id":"us-ne/neb.-rev.-stat.-54-1163","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 54-1163","heading":"Neb. Rev. Stat. § 54-1163","body":"The hearing required by section 54-1162 shall be heard by the director. If the director determines, after such hearing, that the proposed livestock auction market would beneficially serve the livestock economy, the department shall issue a market license to the applicant. In determining whether or not the application should be granted or denied, reasonable consideration shall be given to:\n\n(1) The ability of the applicant to comply with the federal Packers and Stockyards Act, 1921, 7 U.S.C. 181 et seq., as amended;\n\n(2) The financial stability, business integrity, and fiduciary responsibility of the applicant;\n\n(3) The adequacy of the facilities described to permit the performance of market services proposed in the application;\n\n(4) The present needs for market services or additional services as expressed by livestock growers and feeders in the community; and\n\n(5) Whether the proposed livestock auction market would be permanent and continuous.","path":["NE Code","Chapter 54"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=54-1163","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"dcc38727cb8ef7199cd4129fe7bcfd74dcdaa4407cc798e731e4817b0f6deb72","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-54-1162","next":"us-ne/neb.-rev.-stat.-54-1165"},"notice":"GroundRules: Original legal text. Not legal advice."}