---
kind: "section"
citation: "7 C.F.R. § 46.7"
title: "7"
number: "46.7"
heading: "Issuance of license."
url: "https://uscodex.org/cfr/7/46.7"
---

# §46.7. Issuance of license.


Upon receipt of a valid application accompanied by the proper fee for a license, and bond, if required, the Director shall, if the applicant is found to be eligible, issue a license certifying that the licensee is authorized to engage in the business of a commission merchant, dealer, or broker. All fees, and any additional sums assessed by the Director in accordance with the Act, shall be deposited in a special fund designated as the “Perishable Agricultural Commodities Act fund.”


## Notes

### Authority

Authority: 7 U.S.C. 499a-499t.

### Source

Source: 28 FR 7067, July 11, 1963; 28 FR 7287, July 17, 1963, unless otherwise noted.