N.D. Cent. Code § 4.1-13-01: Definitions

As used in this chapter:

1."Commercial channels" means the sale of wheat by a producer to any person who resells wheat or any product produced from wheat.

2."Commission" means the North Dakota state wheat commission.

3."Final settlement" means:

a.The date that wheat upon which a loan was obtained is:

(1)Sold to a person other than a governmental entity; or

(2)Assigned or transferred to a United States government agency; or

b.The date upon which payment for the wheat is actually made if the wheat is sold in accordance with the terms of a deferred payment contract.

4."First purchaser" means any person buying, accepting for sale, or otherwise acquiring, after harvest, the property in or to wheat, from the producer. The term includes a mortgagee, pledgee, lienor, or other person having a claim against the producer if the actual or constructive possession of wheat is taken as partial payment or in satisfaction of a mortgage, pledge, lien, or claim.

5."Producer" means any person that:

a.Plants or causes to be planted a wheat crop in which the person has an ownership interest, with the intent that upon maturity the crop will be harvested;

b.Will have met the requirements of subdivision a during the next available growing season; or

c.Has met the requirements of subdivision a during the immediately preceding growing season.

6."Sale" includes any pledge or mortgage of wheat, after harvest, to any person.

7."Wheat" includes all classes of wheat.