010-17 Wyo. Code R. §§ 17-3 - Definitions

(a) "Cash sale" means payment to the producer by the warehouse contemporaneously with the transfer of grain to the warehouse.

(b) "Credit-sale contract" means an agreement in writing whereby the producer transfers a specific quantity of grain to a warehouse or broker with a price or payment to the producer by the warehouse or broker to be made at a later date or on the occurrence of a specific event expressed in the agreement.

(c) "Department" means the Wyoming Department of Agriculture.

(d) "License" means an official document issued by the Department to an applicant who has paid all applicable fees and meets all requirements to entitle the holder to legally operate as a warehouse or warehouseman in the State of Wyoming.

(e) "Open storage" means the deposit of grain by the producer for a period of time with the subsequent disposition of the same or like, kind and grade of grain or a fungible substitute.

(f) "Grain processing establishments" means any facility that cleans, processes, reconditions or renders other similar services.

(g) Terms defined in W.S. 11-11-101 shall have the same meaning when used in these regulations.

Notes

010-17 Wyo. Code R. §§ 17-3