Terms Used In Idaho Code > Title 25 > Chapter 33 - Idaho Livestock Dealer Licensing

• Board: means the state brand board created in chapter 11, title 25, Idaho Code. See Idaho Code 25-3301
• Bond equivalent: means a letter of credit or trust fund agreement that complies with the packers and stockyards act of 1921, as amended, and regulations promulgated thereunder. See Idaho Code 25-3301
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Livestock: means cattle, swine, bison, horses, mules, or asses. See Idaho Code 25-3301
• Livestock dealer: means any person who buys, receives or assembles livestock for his own account for resale within twenty (20) days from the date of purchase, or for the account of another person. See Idaho Code 25-3301
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means an individual, partnership, corporation, broker, order buyer, video livestock sale or other type of electronic marketing organization, association or other legal entity. See Idaho Code 25-3301
• Probable cause: A reasonable ground for belief that the offender violated a specific law.
• Representative of a licensee: means any full-time employee, agent or other person who buys, receives, sells, or assembles livestock for resale on behalf of a licensed livestock dealer. See Idaho Code 25-3301
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
• Statute: A law passed by a legislature.