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247.515 Definitions.
As used in KRS 247.510 to 247.595 unless the context otherwise requires:
(1) "Commissioner" means the Commissioner of Agriculture;
(2) "Board" means the State Board of Agriculture;
(3) "Producer" means every person who produces soybeans and thereafter
causes the same to be marketed;
(4) "New producer" means a producer who was not engaged in the business of
producing soybeans at the time a referendum was conducted in accordance
with the provisions of KRS 247.510 to 247.595;
(5) "Person" means any individual, corporation, partnership, association,
cooperative, or other business entity;
(6) "Marketing year" means from July 1 to June 30 of the following year;
(7) "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 soybeans 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 such soybeans is taken as part payment or in
satisfaction of such mortgage, pledge, lien, or claim;
(8) "Net market price" means the sales price or other value received by a producer
for soybeans after adjustments have been made for any premium or discount
based on grading or quality factors; and
(9) "Promotion board" means the Kentucky Soybean Promotion Board.
Effective:July 14, 1992
History: Amended 1992 Ky. Acts ch. 45, sec. 1, effective July 14, 1992. -Amended 1986 Ky. Acts ch. 180, sec. 1, effective July 15, 1986. -- Created 1974
Ky. Acts ch. 83, sec. 2.
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