Nebraska Statutes 2-3631. First purchaser deduct fee; maintain records; public information; quarterly statement
(1)(a) The first purchaser, at the time of settlement, shall deduct the corn fee and shall maintain the necessary record of the fee for each purchase of corn on the grain settlement form or check stub showing payment to the grower for each purchase. Such records maintained by the first purchaser shall provide the following information:
Terms Used In Nebraska Statutes 2-3631
- Board: shall mean the Corn Development, Utilization, and Marketing Board. See Nebraska Statutes 2-3604
- First purchaser: shall mean any person, public or private corporation, association, partnership, or limited liability company buying, accepting for shipment, or otherwise acquiring the property in or to corn from a grower, and shall include a mortgagee, pledgee, lienor, or other person, public or private, having a claim against the grower, when the actual or constructive possession of such corn is taken as part payment or in satisfaction of such mortgage, pledge, lien, or claim. See Nebraska Statutes 2-3606
- Grower: shall mean any landowner personally engaged in growing corn, a tenant of the landowner personally engaged in growing corn, and both the owner and tenant jointly and shall include a person, partnership, limited liability company, association, corporation, cooperative, trust, sharecropper, and other business unit, device, and arrangement. See Nebraska Statutes 2-3605
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(i) Name and address of the grower and seller;
(ii) The date of the purchase;
(iii) The number of bushels of corn sold; and
(iv) The amount of fees collected on each purchase.
(b) Such records shall be open for inspection during the normal business hours observed by the first purchaser.
(2) The first purchaser shall render and have on file with the board by the last day of each January, April, July, and October, on forms prescribed by the board, a statement of the number of bushels of corn purchased in Nebraska. At the time the statement is filed, the first purchaser shall pay and remit to the board the fee as provided for in section 2-3623.