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Terms Used In Louisiana Revised Statutes 3:726

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Department: means the Department of Agriculture and Forestry. See Louisiana Revised Statutes 3:1
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual or any legal or commercial entity, including a corporation, business trust, partnership, limited liability company, association, or joint venture. See Louisiana Revised Statutes 3:1

A.  As used in this section the following terms shall have the following meaning:

(1)  “Buyer” means any person who buys produce from a producer for resale or processing.

(2)  “Person” means any individual, corporation, partnership, association, or other legal entity.

(3)  “Produce” means strawberries and other fruits and vegetables which are sold for processing or for resale in fresh, frozen, canned, or processed form.

(4)  “Producer” means any owner, tenant, or operator of land in this state who has an interest in and receives all or any part of the proceeds from the sale of produce grown on that land.

B.  Each producer who sells produce to a buyer shall have the right to request and receive payment for the produce within forty-five days from the date the produce is delivered.

C.  The Department of Agriculture shall enforce the provisions of this Section.

Added by Acts 1982, No. 305, §1.