Indiana Code 15-15-12-7. “First purchase”
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Terms Used In Indiana Code 15-15-12-7
- sale: means a conveyance of title to corn or the pledge or other encumbrance of corn as security for a loan extended by the Commodity Credit Corporation under a federal price support loan program. See Indiana Code 15-15-12-16
Sec. 7. As used in this chapter, “first purchase” means a sale of corn at the first point of delivery when the corn is weighed and graded and title to the corn is transferred.
[Pre-2008 Recodification Citation: 15-4-10-5.]
As added by P.L.2-2008, SEC.6.