§ 11. — Vacation on request of designation or registration as "registered entity"; redesignation or reregistration.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC11]
TITLE 7--AGRICULTURE
CHAPTER 1--COMMODITY EXCHANGES
Sec. 11. Vacation on request of designation or registration as
``registered entity''; redesignation or reregistration
Any person that has been designated or registered a registered
entity in the manner provided in this chapter may have such designation
or registration vacated and set aside by giving notice in writing to the
Commission requesting that its designation or registration as a
registered entity be vacated, which notice shall be served at least
ninety days prior to the date named therein as the date when the
vacation of designation or registration shall take effect. Upon receipt
of such notice the Commission shall forthwith order the vacation of the
designation or registration of the registered entity, effective upon the
day named in the notice, and shall forthwith send a copy of the notice
and its order to all other registered entities. From and after the date
upon which the vacation became effective the said person can thereafter
be designated or registered again a registered entity by making
application to the Commission in the manner in this chapter provided for
an original application.
(Sept. 21, 1922, ch. 369, Sec. 7, 42 Stat. 1002; Pub. L. 93-463, title
I, Sec. 103(a), (e), Oct. 23, 1974, 88 Stat. 1392; Pub. L. 106-554,
Sec. 1(a)(5) [title I, Sec. 123(a)(17)], Dec. 21, 2000, 114 Stat. 2763,
2763A-409.)
Amendments
2000--Pub. L. 106-554, in first sentence, substituted ``person'' for
``board of trade'', inserted ``or registered'' after ``designated'',
inserted ``or registration'' after ``designation'' wherever appearing,
and substituted ``registered entity'' for ``contract market'' in two
places, in second sentence, substituted ``designation or registration of
the registered entity'' for ``designation of such board of trade as a
contract market'' and ``registered entities'' for ``contract markets'',
and, in last sentence, substituted ``person'' for ``board of trade'' and
``designated or registered again a registered entity'' for ``designated
again a contract market''.
1974--Pub. L. 93-463 substituted ``Commission'' for ``Secretary of
Agriculture'' and ``its order'' for ``his order''.
Effective Date of 1974 Amendment
For effective date of amendment by Pub. L. 93-463, see section 418
of Pub. L. 93-463, set out as a note under section 2 of this title.
