Section 11-34-101 - Definitions

11-34-101. Definitions. (a) As used in this act: (i) 'First mortgage' means first and superior liens on farm lands except as hereinafter provided, the fee simple title to which is in the proposed borrower; (ii) 'Farm land,' 'farm' and 'farms' includes: (A) Lands used principally for raising agricultural products; (B) Lands used principally for dairying purposes; and (C) Lands or ranches used principally for livestock purposes. (iii) 'Board' means the state loan and investment board; (iv) 'This act' means W.S. 11-34-101 through 11-34-203.