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Current as of January 01, 2024 | Updated by Findlaw Staff
In this chapter, unless the context or subject matter otherwise requires:
1. “Family farm” means agricultural real estate operated and owned or leased by a farmer, or other organization authorized to own or lease land used for farming or ranching under chapter 10-06.1, where the majority of the labor necessary to operate the farm is performed by the farmer and the farmer's family, if any.
2. “Farmer” means a resident of North Dakota whose principal occupation is or will be the production of an agricultural commodity or livestock on a family farm if granted a loan.
Cite this article: FindLaw.com - North Dakota Century Code Title 6. Banks and Banking § 6-09.11-01. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-6-banks-and-banking/nd-cent-code-sect-6-09-11-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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