Terms Used In Tennessee Code > Title 43 > Chapter 32 > Part 2 - Commodity Producer Indemnity Law

• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• Agriculture: means :
  (i) The land, buildings and machinery used in the commercial production of farm products and nursery stock. See Tennessee Code 1-3-105
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Claimant: means :
  (A) Any producer or person, possessing warehouse receipts covering commodities owned or stored by the warehouseman. See Tennessee Code 43-32-102
• Commissioner: means the commissioner of agriculture, or the commissioner's designated representatives. See Tennessee Code 43-32-102
• Commodity: means grain. See Tennessee Code 43-32-102
• Commodity dealer: means any person engaged in the business of buying commodities from producers thereof for resale or for milling or processing. See Tennessee Code 43-32-102
• Cooperative agreement: means any agreement made by the department with a person, local unit of government, or state or federal agency as may be reasonable and proper to carry out this chapter. See Tennessee Code 43-32-102
• Department: means the Tennessee department of agriculture. See Tennessee Code 43-32-102
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Failure: means :
  (A) An inability to financially satisfy a claimant in accordance with applicable statute or regulation and the time limits provided therein, if any. See Tennessee Code 43-32-102
• Grain: means corn, wheat, oats, rye, soybeans, rape seed, canola and grain sorghums. See Tennessee Code 43-32-102
• Month: means a calendar month. See Tennessee Code 1-3-105
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Person: includes an individual, corporation, partnership and all associations of two (2) or more persons having a joint or common interest. See Tennessee Code 43-32-102
• Producer: means the 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 the commodities produced thereon. See Tennessee Code 43-32-102
• Program: means the Tennessee commodity producer indemnity program. See Tennessee Code 43-32-102
• Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
• signed: includes a mark, the name being written near the mark and witnessed, or any other symbol or methodology executed or adopted by a party with intention to authenticate a writing or record, regardless of being witnessed. See Tennessee Code 1-3-105
• State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
• United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
• United States Warehouse Act: means the United States Warehouse Act, enacted August 11, 1916, as amended. See Tennessee Code 43-32-102
• Valid claim: means a claim arising from a failure of a commodity dealer or warehouseman that occurs after July 1, 1989, and adjudicated valid by the commissioner, net of all credits and offsets, and in accordance with §. See Tennessee Code 43-32-102
• Warehouse receipt: means :
  (A) A warehouse receipt issued under this chapter in accordance with the Uniform Commercial Code. See Tennessee Code 43-32-102