Iowa Code 181.1 – Definitions
Current as of: 2023 | Check for updates
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As used in this chapter, unless the context requires otherwise:
1. “Association” means the Iowa beef cattle producers association.
Terms Used In Iowa Code 181.1
- Association: means the Iowa beef cattle producers association. See Iowa Code 181.1
- Cattle: means any live domesticated bovine animal regardless of age. See Iowa Code 181.1
- Executive committee: means the executive committee of the association as created in section 181. See Iowa Code 181.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Producer: means any person who owns or acquires ownership of cattle. See Iowa Code 181.1
- Records: means books, papers, documents, accounts, agreements, memoranda, electronic records of accounts, or correspondence relating to a matter regulated under this chapter. See Iowa Code 181.1
- Secretary: means the secretary of agriculture. See Iowa Code 181.1
- Seller: means a person who sells grain which the person has produced or caused to be produced to a licensed grain dealer, but excludes a person who executes a credit-sale contract as a seller as provided in section 203. See Iowa Code 203D.1
2. “Cattle” means any live domesticated bovine animal regardless of age.
3. “Executive committee” means the executive committee of the association as created in section 181.3.
4. “Federal Act” means the federal Beef Promotion and Research Act of 1985, 7 U.S.C. § 2901 et seq.
5. “Federal assessment” means an excise tax on the sale of bovine animals imposed pursuant to the federal Act.
6. “Producer” means any person who owns or acquires ownership of cattle. However, a person shall not be considered a producer if any of the following apply:
a. The person’s only share in the proceeds of a sale of cattle or beef is a sales commission, handling fee, or other service fee.
b. The person acquired ownership of cattle to facilitate the transfer of ownership of such cattle from the seller to a third party; resold such cattle no later than ten days from the date on which the person acquired ownership; and certified as required by rules adopted by the executive committee.
7. “Qualified financial institution” means a bank or credit union as defined in section 12C.1.
8. “Records” means books, papers, documents, accounts, agreements, memoranda, electronic records of accounts, or correspondence relating to a matter regulated under this chapter.
9. “Secretary” means the secretary of agriculture.
10. “State assessment” means an excise tax on the sale of cattle imposed pursuant to this chapter.