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North Dakota Century Code Title 4.1. Agriculture § 4.1-13-01. Definitions

Current as of January 01, 2024 | Updated by FindLaw Staff

As used in this chapter:

1. “Commercial channels” means the sale of wheat by a producer to any person who resells wheat or any product produced from wheat.

2. “Commission” means the North Dakota state wheat commission.

3. “Final settlement” means:

a. The date that wheat upon which a loan was obtained is:

(1) Sold to a person other than a governmental entity; or

(2) Assigned or transferred to a United States government agency; or

b. The date upon which payment for the wheat is actually made if the wheat is sold in accordance with the terms of a deferred payment contract.

4. “First purchaser” means any person buying, accepting for sale, or otherwise acquiring, after harvest, the property in or to wheat, from the producer. The term includes a mortgagee, pledgee, lienor, or other person having a claim against the producer if the actual or constructive possession of wheat is taken as partial payment or in satisfaction of a mortgage, pledge, lien, or claim.

5. “Producer” means any person that:

a. Plants or causes to be planted a wheat crop in which the person has an ownership interest, with the intent that upon maturity the crop will be harvested;

b. Will have met the requirements of subdivision a during the next available growing season; or

c. Has met the requirements of subdivision a during the immediately preceding growing season.

6. “Sale” includes any pledge or mortgage of wheat, after harvest, to any person.

7. “Wheat” includes all classes of wheat.

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Cite this article: FindLaw.com - North Dakota Century Code Title 4.1. Agriculture § 4.1-13-01. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-4-1-agriculture/nd-cent-code-sect-4-1-13-01/

Read this complete North Dakota Century Code Title 4.1. Agriculture § 4.1-13-01. Definitions on Westlaw. Westlaw subscription required.

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