3.2-4721 - Investigation of transactions by Commissioner. - Virginia Statutes

§ 3.2-4721. Investigation of transactions by Commissioner.

The Commissioner, upon the verified complaint of any interested party shall,or upon his own motion may, investigate:

1. Any transaction involving solicitation, receipt, sale, or attempted saleof farm products by any person acting or attempting to act as a commissionmerchant;

2. The failure of any commission merchant to make proper and true account ofsales and settlement as required in this article;

3. Any transaction in which produce consigned to a commission merchant isdisposed of to a person composed substantially of the same persons asstockholders, members, or others, who compose the commission merchant;

4. The intentional making of false statements by a commission merchant as tocondition, grade, or quality of any farm products received or in storage;

5. The intentional making of false statements by a commission merchant as tomarket condition;

6. The failure of any commission merchant to make payment for farm productswithin the time required by this article; or

7. Any other injurious transaction arising out of the sale of farm produce oncommission.

(Code 1950, § 3-544; 1966, c. 702, § 3.1-702; 2008, c. 860.)