Transfer means, depending on the context, the process for a producer or an authorized agent of the producer to:
(1) Physically relocate cotton loan collateral from one CCC-approved warehouse to another CCC-approved warehouse,
(2) Exchange an electronic warehouse receipt for a receipt certificated by a warehouse for delivery under a futures contract without physically relocating the cotton, or
(3) Do both of the above.


7 CFR § 1427.3

Scoping language

The definitions in this section apply for all purposes of program administration regarding the cotton loan and LDP programs. The terms defined in part 718 of this title and parts 1412, 1421, 1423, 1425, and 1434 of this chapter also apply, except where they conflict with definitions in this section.

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