Section 4.1-27-07 - Investigation of auction market - Hearing to determine whether license should be issued or revoked1. The commissioner, upon the commissioner's own motion or upon a complaint by any person, may enter an investigation of the sales and transactions of any livestock auction market and of the conditions under which the business of the livestock auction market is conducted. The commissioner may conduct a hearing to determine whether the license of any auction market should be revoked or whether the application of the owner or operator of a livestock auction market for an original or renewal license should be denied.2. The commissioner shall conduct an investigation of an alleged violation of this chapter when: a. A complaint, allegation, or order to show cause, alleging an act which would constitute a violation of this chapter, is filed by the packers and stockyards administration of the United States;b. The commissioner has information sufficient to form a reasonable belief that a violation of this chapter has occurred; orc. The commissioner has received a sworn statement, affidavit, or other evidence from any person alleging a violation of this chapter.3. The commissioner shall conduct a hearing to determine whether a violation has occurred when, pursuant to an investigation, probable cause exists that a violation of this chapter has occurred.4. The commissioner shall conduct an audit, or cause an audit to be conducted, when probable cause exists that any livestock auction market has violated any of the financial provisions of this chapter, when it reasonably appears that the liabilities of the livestock auction market exceed its assets, or when the auction market has refused to pay a proper claim without reasonable cause.Added by S.L. 2017, ch. 68 (SB 2028),§ 2, eff. 7/1/2017.