The commissioner is hereby authorized to accept a bond made by any dealer pursuant to the bonding requirements of the federal Packers and Stockyards Act, 1921, as amended, and any dealer presenting such a bond shall be deemed to have complied with the bonding provisions of Section 2-15-133; provided, that the amount of such bond equals or is greater than the amount required in said Section 2-15-133. If the amount of such bond does not satisfy the requirements of said Section 2-15-133, such bond shall be increased to such amount as will satisfy the requirements of said section, prior to issuance of a license to such dealer. Any dealer not required to file and maintain a bond or a bond equivalent pursuant to the requirements of the federal Packers and Stockyards Act, 1921, as amended, shall be required to file and maintain a bond for the amount as set forth under Section 2-15-133.
Structure Code of Alabama
Article 6 - Livestock Dealers' Financial Responsibility Act.
Section 2-15-130 - Short Title.
Section 2-15-131 - Definitions.
Section 2-15-132 - Dealer License Required; Denial or Revocation of License; Appeal.
Section 2-15-134 - Acceptance of Bonds Given Under Federal Packers and Stockyards Act.
Section 2-15-135 - Promulgation of Rules and Regulations for Implementation of Article.
Section 2-15-137 - Applicability of Article.
Section 2-15-138 - Provisions of Article Cumulative and Supplemental to Article 3 of Chapter.