{"data":{"id":"us-nd/n.d.-cent.-code-6-09.9-02","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 6-09.9-02","heading":"Definitions","body":"In this chapter, unless the context or subject matter otherwise requires:\n1.\"Farmer\" means a resident of this state who owns or operates an existing farm or ranch operation, and has a debt-to-asset ratio of fifty percent or greater or a net worth of less than an amount determined by the Bank of North Dakota. The industrial commission may adopt additional eligibility criteria in determining who is a farmer eligible for loans under this chapter.\n2.\"Operating loan\" means a loan or extension of credit with a term of one year or less made by a nongovernmental financial institution to a farmer for the operation of an existing farm or ranch operation. An operating loan includes a farmers home administration subordinated operating loan and guaranteed operating loan and may be further defined by rule of the industrial commission.","path":["Title 6 Banks And Banking","Chapter 6-09.9 Family Farm Survival Act"],"source_url":"https://ndlegis.gov/cencode/t06c09-9.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"a09cb729f8896d141be5f34c17448205efb298e16c29df4de7c535fab22ae27f","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-6-09.9-01","next":"us-nd/n.d.-cent.-code-6-09.9-03"},"notice":"GroundRules: Original legal text. Not legal advice."}