Exchange Inspection Agency Law and Legal Definition
According to 7 CFR 27.2 [Title 7, Agriculture; Subtitle B, Regulations of the Department of Agriculture ; Chapter I, Agricultural Marketing Service H1 (Standards, Inspections, Marketing Practices), Department of Agriculture ; Subchapter A , Commodity Standards and Standard Container Regulations ; Part 27, Cotton Classification Under Cotton Futures Legislation Subpart A – Regulations; Definitions] “Exchange inspection agency” means “The inspection agency of the New York Cotton Exchange, the New Orleans Cotton Exchange, the Board of Trade of the city of Chicago, or of any other exchange which may have an organized inspection agency recognized as such by the Director, as the case may be.”
