North Dakota Code 4.1-09-01 – Definitions
As used in this chapter:
Terms Used In North Dakota Code 4.1-09-01
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
1. “Council” means the North Dakota oilseed council.
2. “First purchaser” means any person that buys, accepts for shipment, or otherwise acquires oilseeds from a producer. The term includes a mortgagee, pledgee, lienor, and any other person having a claim against a producer if the actual or constructive possession of the oilseed is taken as partial payment or in satisfaction of the mortgage, pledge, lien, or claim.
3. “Oilseeds” include canola, crambe, flax, rapeseed, safflowers, and sunflowers.
4. “Participating producer” means a producer that has not applied for a refund under section 4.1-09-19 during the preceding twelve months.
5. “Producer” means any person that:
a. Plants or causes to be planted an oilseed 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.