Every packer, any swine contractor, and any live poultry dealer, stockyard owner, market agency, and dealer 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. Whenever the Secretary finds that the accounts, records, and memoranda of any such person do not fully and correctly disclose all transactions involved in his business, the Secretary may prescribe the manner and form in which such accounts, records, and memoranda shall be kept, and thereafter any such person who fails to keep such accounts, records, and memoranda in the manner and form prescribed or approved by the Secretary shall upon conviction be fined not more than $5,000, or imprisoned not more than three years, or both.
Aug. 15, 1921, ch. 6442 Stat. 168Aug. 15, 1921, ch. 64Aug. 14, 1935, ch. 53249 Stat. 649Pub. L. 100–173, § 6101 Stat. 918Pub. L. 107–171, title X, § 10502(b)(2)(C)116 Stat. 510(, title IV, § 401, ; , title V, § 503, as added , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 107–1712002— inserted “any swine contractor, and” after “packer,”.
Pub. L. 100–1731987— substituted “, any live poultry dealer,” for “or any live poultry dealer or handler,”.
1935—Act , title V, § 503, as added , inserted “or any live poultry dealer or handler” after “packer” wherever appearing.
Statutory Notes and Related Subsidiaries
Effective Date of 1987 Amendment
Pub. L. 100–173section 12 of Pub. L. 100–173section 182 of this titleAmendment by effective 90 days after , see , set out as a note under .
Liens or Security Interests Against Livestock; Interagency Task Force To Recommend Method of Providing Information to Purchasers; Report to Congress
Pub. L. 95–409, § 292 Stat. 887, , , required the Secretary of Agriculture to appoint a task force to recommend methods of providing information to purchasers of livestock concerning the existence of a lien or security interest against livestock and to submit a report to Congress not later than .