(1) Each licensed market shall keep and maintain a complete, true and accurate record of all animals sold, including description of the animal, brand or brands carried, if any, name of person selling or offering for sale, date of sale, and the name of the person to whom sold.

(2) Each licensed market shall keep and maintain business records showing the following information:

(a) The names of the owners or persons having an interest in the market.

(b) The names of the managers or operators of the market.

(c) The names of the owners of the premises upon which the market is located if different than the owners of the licensed market; if a corporation, the names of the directors, officers, and the stockholders, showing their interest in the corporation.

(d) Any contracts or leases executed in connection with the operation of the market.

(e) The type of organization used in operating the market and the members thereof.

(f) If a corporation, the names of the directors, officers, and the stockholders, showing their interest in the corporation.

(3) Such records and information must be available for inspection and examination by any specifically qualified and authorized agent of the department of livestock, brands-enforcement division. Such information as provided above must be submitted by the licensee of any market to the Montana department of livestock, brands-enforcement division upon request. All records used in the purchase and sale of livestock and all records required by this rule must be kept and maintained by the licensed market for a period of not less than 5 years.