North Carolina General Statutes 106-792. Definitions
The following definitions apply in this Article:
(1) Association. – The North Carolina Pork Producers Association, Inc., a North Carolina nonprofit corporation.
Terms Used In North Carolina General Statutes 106-792
- 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.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- 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.
(2) Buyer. – Any person engaged as (i) a commission merchant, (ii) an auction market, or (iii) a livestock market in the business of receiving porcine animals for sale on commission for or on behalf of a pork producer.
(3) Department. – The North Carolina Department of Agriculture and Consumer Services.
(4) Market. – To sell, slaughter for sale, or otherwise dispose of a porcine animal in commerce.
(5) Person. – An individual, a partnership, a firm, or a corporation.
(6) Porcine animal. – Swine raised for seed stock, market hogs, or slaughter.
(7) Pork producer. – A person who (i) is a North Carolina resident, (ii) owns, manages, or has a financial interest in pork production, and (iii) is actively involved in the production of porcine animals. (1991, c. 605, s. 1; 1997-261, s. 79.)