Kentucky Statutes 247.5063 – Definitions
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As used in KRS § 247.5061 to KRS § 247.5095, unless the context otherwise requires: (1) “Commissioner” means the Commissioner of Agriculture;
(2) “Board” means the State Board of Agriculture;
(3) “Small grains” means all kinds and varieties of cereal grains.
(4) “Bushel” means the weight for each type of cereal grain defined by the United
States Department of Agriculture (USDA);
(5) “Producer” means every person who produces and markets small grains;
(6) “New producer” means a producer who was not engaged in the business of producing small grains at the time a referendum was conducted in accordance with the provisions of KRS § 247.5061 to KRS § 247.5095;
(7) “Person” means any individual, corporation, partnership, association, cooperative, or other business entity;
(8) “Marketing year” means from June 1 to May 31 of the following year;
(9) “Purchaser” means any person, public or private corporation, federal Commodity Credit Corporation, association, or partnership buying, accepting for shipment, or otherwise acquiring the property in or to small grains from a producer, and shall include a mortgagee, pledgee, lienor, or other person, public or private, having a claim against the producer, when the actual or constructive possession of the small grains is taken as part payment or in satisfaction of a mortgage, pledge, lien, or claim; and
(10) “Marketed” means any quantities that are sold, bartered, or for which other items of value are exchanged.
Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 397, sec. 2, effective July 13, 1990.
(2) “Board” means the State Board of Agriculture;
Terms Used In Kentucky Statutes 247.5063
- Board: means the State Board of Agriculture. See Kentucky Statutes 247.010
- Commissioner: means Commissioner of Agriculture. See Kentucky Statutes 247.010
- 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.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Department: means the Department of Agriculture. See Kentucky Statutes 247.010
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- 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.
- Partnership: includes both general and limited partnerships. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
(3) “Small grains” means all kinds and varieties of cereal grains.
(4) “Bushel” means the weight for each type of cereal grain defined by the United
States Department of Agriculture (USDA);
(5) “Producer” means every person who produces and markets small grains;
(6) “New producer” means a producer who was not engaged in the business of producing small grains at the time a referendum was conducted in accordance with the provisions of KRS § 247.5061 to KRS § 247.5095;
(7) “Person” means any individual, corporation, partnership, association, cooperative, or other business entity;
(8) “Marketing year” means from June 1 to May 31 of the following year;
(9) “Purchaser” means any person, public or private corporation, federal Commodity Credit Corporation, association, or partnership buying, accepting for shipment, or otherwise acquiring the property in or to small grains from a producer, and shall include a mortgagee, pledgee, lienor, or other person, public or private, having a claim against the producer, when the actual or constructive possession of the small grains is taken as part payment or in satisfaction of a mortgage, pledge, lien, or claim; and
(10) “Marketed” means any quantities that are sold, bartered, or for which other items of value are exchanged.
Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 397, sec. 2, effective July 13, 1990.