§ 2-9-21

As used in the Public Warehouse and Commodity Indemnity Act: 1. 'Charter' means a franchise issued to a person for the operation of a public warehouse;2. 'Commodities' means nonperishable grains or seeds;3. 'Depositor' means any person storing commodities with a state-chartered or federally licensed warehouse;4. 'Electronic document' means a document that is generated, sent, received, or stored by electronic data interchange, electronic mail, telegram, telex, or telecopy;5. 'Electronic receipt' means a receipt that is authorized by the State Board of Agriculture to be issued under this act in the form of an electronic document;6. 'Full market value' means the value required by law to be used by insurance underwriters in paying for losses of commodities insured for their actual cash value;7. 'Indemnity' means the Oklahoma Commodity Storage Indemnity Fund;8. 'Loss' means any monetary reduction in value to a producer of an extraordinary nature and which shall include, but not be limited to, bankruptcy, embezzlement, theft or fraud;9. 'Producer' means any person planting, raising, growing, or harvesting commodities;10.

extraordinary nature and which shall include, but not be limited to, bankruptcy, embezzlement, theft or fraud;9. 'Producer' means any person planting, raising, growing, or harvesting commodities;10. 'Public warehouse' means any place where commodities are received for storage, received for transfer to other public warehouses, or both;11. 'Storage' or 'warehousing' means any method of holding commodities by a party other than the direct owner except for transportation;12. 'Warehouseman' means any person operating a public warehouse; and13. 'Warehouse receipt' means every receipt issued by a warehouseman for commodities pursuant to the Public Warehouse and Commodity Indemnity Act.Added by Laws 1955, p. 79, art. 9(B), § 1. Amended by Laws 1977, c. 106, § 1, emerg. eff. May 27, 1977; Laws 1987, c. 125, § 2, emerg. eff. June 2, 1987; Laws 1988, c. 149, § 1, emerg. eff. May 2, 1988; Laws 1990, c. 155, § 1, emerg. eff. May 1, 1990; Laws 1997, c. 10, § 1, eff. July 1, 1997; Laws 2000, c. 243, § 84, emerg. eff. May 24, 2000; Laws 2001, c. 119, § 1, eff. Nov. 1, 2001.