Ga. Comp. R. & Regs. R. 40-25-1-.02 - Definitions

The following words or terms shall have the meaning set forth herein when used in these rules and regulations.

(a) "Act" means the laws relating to Dealers in Agricultural Products-Grain Dealers, Article II of O.C.G.A. 2-9.

(b) The term "Commissioner" as used in these regulations means the Georgia Commissioner of Agriculture.

(c) "Deferred pricing" means grain sales where payment is deferred and includes, but not limited to, transactions commonly referred to as deferred-payment, deferred-pricing and price-later contracts.

(d) The term "Director" shall mean the officer who has been lawfully commissioned, appointed and delegated the authority by the Commissioner to administer the Act.

(e) The term "Examiner" means an employee of the Commissioner charged with the duty of making and reporting grain dealer examinations.

(f) "Grain Dealer" means any person, association, itinerant dealer, partnership or corporation engaged in the business of buying, receiving, selling, exchanging, negotiating or soliciting the sale, resale, exchange or transfer of any grain purchased from the producer or his agent or representative, or received to be handled on a net return basis from the producer.

(g) The term "Grain" means all products commonly classified as grain, including wheat, corn, oats, barley, rye, field peas, soybeans, clover and grain sorghum. The term does not include grain which had been produced or packaged for purchase or distribution as seed.

(h) "Producer" means any producer of grain.

(i) "On consignment" means any receipt or sale of grain for the account of a person other than the seller in which the seller acts as the agent for the owner.

Notes

Ga. Comp. R. & Regs. R. 40-25-1-.02

O.C.G.A. 2-9-30et seq.

Original Rule entitled "Definitions" was filed on February 28, 1986; effective March 20, 1986.