247.515 Definitions. As used in KRS 247.510 to 247.595 unless the context otherwise requires: (1) 'Commissioner' means the Commissioner of Agriculture; (2) 'Board' means the State Board of Agriculture; (3) 'Producer' means every person who produces soybeans and thereafter caus es the same to be marketed; (4) 'New producer' means a producer who was not engaged in the business of producing soybeans at the time a referendum was conducted in accordance with the provisions of KRS 247.510 to 247.595; (5) 'Person' means any individual, corporation, partnership, association, cooperative, or other business entity; (6) 'Marketing year' means from July 1 to June 30 of the following year; (7) 'Purchaser' means any person, public or private corporation, federal commodity credit corporation, a ssociation, or partnership buying, accepting for shipment, or otherwise acquiring the property in or to soybeans from a producer, and shall include a mortgagee, pledgee, lienor, or other person, public or private, having a claim against the producer, when the actual or constructive possession of such soybeans is taken as part payment or in satisfaction of such mortgage, pledge, lien, or claim; (8) 'Net rivate, having a claim against the producer, when the actual or constructive possession of such soybeans is taken as part payment or in satisfaction of such mortgage, pledge, lien, or claim; (8) 'Net market price' means the sales price or other value received by a producer for soybeans after adjustments h ave been made for any premium or discount based on grading or quality factors; and (9) 'Promotion board' means the Kentucky Soybean Promotion Board. Effective: July 14, 1992 History: Amended 1992 Ky. Acts ch. 45, sec. 1, effective July 14, 1992. -- Amended 1986 Ky. Acts ch. 180, sec. 1, effective July 15, 1986. -- Created 1974 Ky. Acts ch. 83, sec. 2.
Kentucky Legal Code