Louisiana Revised Statutes 3:3703 – Definitions
Terms Used In Louisiana Revised Statutes 3:3703
- Applicant: means a person who applies for designation as a certified market participant. See Louisiana Revised Statutes 3:3703
- Board: means the Agricultural Industry Board established by La. See Louisiana Revised Statutes 3:3703
- Certified market participant: is a n applicant approved by the board to participate in a cooperative endeavor authorized under this Chapter. See Louisiana Revised Statutes 3:3703
- Commissioner: means the Louisiana Commissioner of Agriculture and Forestry. See Louisiana Revised Statutes 3:3703
- Cooperative endeavor: means a contractual relationship between the state of Louisiana through the board with a person for a public purpose. See Louisiana Revised Statutes 3:3703
- 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.
- Ethanol: means an ethyl alcohol which meets all of the following conditions in that it:
(a) Has a purity of at least ninety-nine percent, determined without regard to any added denaturants. See Louisiana Revised Statutes 3:3703
- 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 any individual, partnership, association, corporation, or other legal entity. See Louisiana Revised Statutes 3:3703
As used in this Chapter, the following terms shall have the following meanings, unless the context requires otherwise:
(1) “Applicant” means a person who applies for designation as a certified market participant.
(2) “Board” means the Agricultural Industry Board established by La. Rev. Stat. 3:3704.
(3) “Certified market participant” is an applicant approved by the board to participate in a cooperative endeavor authorized under this Chapter.
(4) “Commissioner” means the Louisiana Commissioner of Agriculture and Forestry.
(5) “Cooperative endeavor” means a contractual relationship between the state of Louisiana through the board with a person for a public purpose.
(6) “Ethanol” means an ethyl alcohol which meets all of the following conditions in that it:
(a) Has a purity of at least ninety-nine percent, determined without regard to any added denaturants.
(b) Has been denatured in conformity with one of the approved methods set forth by the United States Bureau of Alcohol, Tobacco, and Firearms.
(c) Has been derived from agricultural products.
(d) Has been produced in the state of Louisiana wholly from fermentation and distillation in the state of Louisiana.
(7) “Gasohol” means a fuel that contains not more than ninety percent gasoline and at least ten percent ethanol.
(8) “Person” means any individual, partnership, association, corporation, or other legal entity.
Acts 1990, No. 31, §1, eff. June 20, 1990.