Okla. Stat. tit. 2, § 2-9-21: Definitions

As used in the Public Warehouse and Commodity Indemnity Act:

1. “Charter” means a franchise issued to a person for the

operation of a public warehouse;

2. “Commodities” means nonperishable grains or seeds;

3. “Depositor” means any person storing commodities with a

state-chartered or federally licensed warehouse;

4. “Electronic document” means a document that is generated,

sent, received, or stored by electronic data interchange, electronic

mail, telegram, telex, or telecopy;

5. “Electronic receipt” means a receipt that is authorized by

the State Board of Agriculture to be issued under this act in the

form of an electronic document;

6. “Full market value” means the value required by law to be

used by insurance underwriters in paying for losses of commodities

insured for their actual cash value;

7. “Indemnity” means the Oklahoma Commodity Storage Indemnity

Fund;

8. “Loss” means any monetary reduction in value to a producer

of an extraordinary nature and which shall include, but not be

limited to, bankruptcy, embezzlement, theft or fraud;

9. “Producer” means any person planting, raising, growing, or

harvesting commodities;

10. “Public warehouse” means any place where commodities are

received for storage, received for transfer to other public

warehouses, or both;

11. “Storage” or “warehousing” means any method of holding

commodities by a party other than the direct owner except for

transportation;

12. “Warehouseman” means any person operating a public

warehouse; and

13. “Warehouse receipt” means every receipt issued by a

warehouseman for commodities pursuant to the Public Warehouse and

Commodity Indemnity Act.