Indiana Code 15-15-3-1. “Buyer of grain”
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Sec. 1. (a) As used in this chapter, “buyer of grain” means a person, firm, limited liability company, or corporation regularly engaged in the business of buying grain or seed produced on a farm in Indiana.
(b) The term does not include a person that purchases grain or seed if less than five (5) separate purchases are made by the person during any one (1) year.
[Pre-2008 Recodification Citation: 15-4-5-3.]
As added by P.L.2-2008, SEC.6.
Terms Used In Indiana Code 15-15-3-1
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5